Key Points
- Director Ichi Shih sold 7,059 WhiteFiber shares at an average price of $30.12, generating $212,617.08. The sale reduced Shih’s holdings by 60.25% to 4,657 shares.
- WhiteFiber reported quarterly revenue of $28.84 million and a loss of $0.39 per share, narrowly beating analyst estimates, but remained unprofitable with a negative net margin of 46.87%.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $37.09, despite targets ranging from $32 to $50.
WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) Director Ichi Shih sold 7,059 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $30.12, for a total transaction of $212,617.08. Following the completion of the sale, the director owned 4,657 shares in the company, valued at approximately $140,268.84. The trade was a 60.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
WhiteFiber Price Performance
Shares of WhiteFiber stock opened at $17.50 on Wednesday. The firm has a market cap of $679.84 million and a PE ratio of -9.51. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $46.87. The stock has a 50 day moving average of $27.70 and a 200 day moving average of $23.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74.
WhiteFiber (NASDAQ:WYFI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.01. The firm had revenue of $28.84 million during the quarter. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. On average, research analysts expect that WhiteFiber, Inc. will post -0.97 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. B. Riley Financial reaffirmed a "buy" rating on shares of WhiteFiber in a research note on Monday, May 18th. Needham & Company LLC lifted their target price on WhiteFiber from $38.00 to $41.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. BTIG Research reissued a "buy" rating and set a $50.00 target price on shares of WhiteFiber in a research note on Wednesday, August 12th. Weiss Ratings cut shares of WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, August 12th. Finally, Barclays raised their price target on shares of WhiteFiber from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, August 14th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.09.
View Our Latest Report on WhiteFiber
Institutional Trading of WhiteFiber
A number of hedge funds have recently added to or reduced their stakes in WYFI. Strs Ohio purchased a new stake in shares of WhiteFiber in the 4th quarter worth approximately $30,000. Royal Bank of Canada boosted its position in shares of WhiteFiber by 108.2% in the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock worth $37,000 after purchasing an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in WhiteFiber in the fourth quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in WhiteFiber in the 4th quarter worth approximately $55,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of WhiteFiber during the second quarter worth $235,000.
WhiteFiber Company Profile
(
Get Free Report)
We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.
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