WhiteFiber (NASDAQ:WYFI) Shares Down 6.5% - What's Next?

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) were down 6.5% during mid-day trading on Tuesday . The stock traded as low as $17.06 and last traded at $17.06. Approximately 118,692 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,202,526 shares. The stock had previously closed at $18.25.Analyst Upgrades and DowngradesA number of analysts have issued reports on the stock. Weiss Ratings initiated coverage on shares of WhiteFiber in a research note on Friday, October 31st. They set a "sell (d)" rating on the stock. HC Wainwright started coverage on shares of WhiteFiber in a research report on Wednesday, October 1st. They issued a "buy" rating and a $34.00 price target for the company. B. Riley reaffirmed a "buy" rating on shares of WhiteFiber in a research report on Wednesday, October 22nd. Roth Capital decreased their target price on WhiteFiber from $42.00 to $37.00 and set a "buy" rating for the company in a report on Friday. Finally, Needham & Company LLC lowered their target price on WhiteFiber from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.86.Check Out Our Latest Report on WYFIWhiteFiber Stock PerformanceThe firm has a 50 day simple moving average of $28.48. WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. The firm's quarterly revenue was up 64.2% compared to the same quarter last year. Institutional Trading of WhiteFiberInstitutional investors have recently modified their holdings of the stock. Woodline Partners LP acquired a new position in shares of WhiteFiber in the 3rd quarter valued at $2,717,000. Wasatch Advisors LP purchased a new stake in WhiteFiber in the third quarter valued at $8,382,000. Wexford Capital LP acquired a new position in WhiteFiber in the third quarter valued at $1,335,000. Prelude Capital Management LLC acquired a new stake in shares of WhiteFiber during the third quarter worth about $258,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of WhiteFiber in the 3rd quarter valued at about $353,000. 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”).Read MoreFive stocks we like better than WhiteFiber2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Alphabet: Buffett's Bet on Its Next Phase of GrowthHow to Use the MarketBeat Stock Screener Why a 20-Second Flight Test Could Unlock Billions for VerticalWhat is the S&P 500 and How It is Distinct from Other Indexes3 Smart Defensive Stocks for an Uneasy MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in WhiteFiber Right Now?Before you consider WhiteFiber, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WhiteFiber wasn't on the list.While WhiteFiber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here