FY2024 Earnings Estimate for TeraWulf Issued By Roth Capital

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Stock analysts at Roth Capital lowered their FY2024 earnings per share estimates for TeraWulf in a research note issued to investors on Monday, January 6th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.18) per share for the year, down from their previous forecast of ($0.17). The consensus estimate for TeraWulf's current full-year earnings is ($0.17) per share. Roth Capital also issued estimates for TeraWulf's Q4 2024 earnings at ($0.05) EPS and Q4 2025 earnings at $0.04 EPS.

Several other analysts also recently commented on WULF. Keefe, Bruyette & Woods started coverage on TeraWulf in a research note on Wednesday. They set a "market perform" rating on the stock. Needham & Company LLC increased their price objective on TeraWulf from $6.00 to $9.50 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Stifel Canada downgraded TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research note on Monday. Finally, B. Riley raised their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $8.64.

TeraWulf Price Performance

Shares of NASDAQ:WULF traded down $0.62 on Wednesday, hitting $5.51. 35,061,762 shares of the company traded hands, compared to its average volume of 35,281,984. The stock has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $5.48. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently bought and sold shares of WULF. Aspect Partners LLC purchased a new position in shares of TeraWulf in the third quarter valued at about $26,000. FMR LLC lifted its holdings in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares in the last quarter. Amalgamated Bank boosted its stake in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock worth $35,000 after purchasing an additional 2,912 shares during the period. KBC Group NV purchased a new stake in TeraWulf during the 3rd quarter valued at approximately $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in TeraWulf during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

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.