Q4 Earnings Estimate for TeraWulf Issued By Atb Cap Markets

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Analysts at Atb Cap Markets issued their Q4 2024 EPS estimates for shares of TeraWulf in a report released on Tuesday, February 4th. Atb Cap Markets analyst M. Toner expects that the company will post earnings of ($0.03) per share for the quarter. Atb Cap Markets currently has a "Strong-Buy" rating on the stock. The consensus estimate for TeraWulf's current full-year earnings is ($0.16) per share.

Other research analysts also recently issued reports about the stock. Stifel Canada downgraded shares of TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. B. Riley upped their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $8.64.

TeraWulf Stock Performance

Shares of TeraWulf stock traded down $0.37 during trading on Friday, hitting $4.76. The stock had a trading volume of 31,216,003 shares, compared to its average volume of 45,154,441. The stock has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $5.53. TeraWulf has a 1 year low of $1.57 and a 1 year high of $9.30.

Hedge Funds Weigh In On TeraWulf

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aspect Partners LLC bought a new position in TeraWulf in the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton purchased a new position in shares of TeraWulf during the fourth quarter valued at approximately $32,000. FMR LLC increased its stake in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after buying an additional 1,408 shares during the period. KBC Group NV bought a new stake in shares of TeraWulf during the third quarter valued at approximately $39,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of TeraWulf during the third quarter valued at approximately $47,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Company Profile

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.