TeraWulf Inc. (NASDAQ:WULF – Get Free Report)’s share price gapped up prior to trading on Monday after B. Riley raised their price target on the stock from $5.00 to $6.00. The stock had previously closed at $4.45, but opened at $4.60. B. Riley currently has a buy rating on the stock. TeraWulf shares last traded at $4.54, with a volume of 2,076,101 shares traded.
A number of other equities research analysts have also recently commented on the company. Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price target for the company. Compass Point decreased their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, Cantor Fitzgerald boosted their target price on shares of TeraWulf from $7.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, TeraWulf currently has a consensus rating of “Buy” and a consensus price target of $5.21.
View Our Latest Report on TeraWulf
Insiders Place Their Bets
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Miracle Mile Advisors LLC acquired a new stake in TeraWulf during the first quarter worth about $29,000. Apollon Wealth Management LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth approximately $27,000. Partners Capital Investment Group LLP purchased a new stake in shares of TeraWulf during the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in TeraWulf in the fourth quarter valued at approximately $30,000. Finally, Regatta Capital Group LLC purchased a new position in TeraWulf in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 62.49% of the company’s stock.
TeraWulf Stock Performance
The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $2.39.
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The business had revenue of $42.43 million for the quarter, compared to analyst estimates of $41.86 million. TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. Equities analysts expect that TeraWulf Inc. will post -0.09 EPS for the current year.
About TeraWulf
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.
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