Hel Ved Capital Management Ltd Invests $2.26 Million in TeraWulf Inc. (NASDAQ:WULF)

Hel Ved Capital Management Ltd acquired a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 398,500 shares of the company's stock, valued at approximately $2,256,000. Hel Ved Capital Management Ltd owned approximately 0.10% of TeraWulf at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton acquired a new stake in shares of TeraWulf during the 4th quarter worth approximately $32,000. FMR LLC boosted its holdings in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. Stifel Financial Corp bought a new position in shares of TeraWulf in the 3rd quarter valued at $47,000. Hodges Capital Management Inc. acquired a new position in shares of TeraWulf during the 3rd quarter worth $47,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of TeraWulf during the 4th quarter worth $59,000. 62.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WULF has been the topic of a number of research reports. B. Riley boosted their price objective on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Northland Securities reissued an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Finally, Jones Trading started coverage on TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $7.86.

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TeraWulf Stock Down 13.4 %

NASDAQ WULF traded down $0.35 on Thursday, reaching $2.24. The company had a trading volume of 19,370,008 shares, compared to its average volume of 27,365,344. TeraWulf Inc. has a 52-week low of $1.82 and a 52-week high of $9.30. The stock has a market capitalization of $856.05 million, a P/E ratio of -11.16 and a beta of 2.76. The company's fifty day moving average is $3.66 and its 200 day moving average is $5.31.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $35.00 million for the quarter, compared to analysts' expectations of $37.43 million. The firm's revenue was up 50.2% on a year-over-year basis. On average, research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current year.

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.