TeraWulf Inc. (NASDAQ:WULF - Free Report) - Analysts at B. Riley decreased their Q2 2024 earnings per share estimates for TeraWulf in a research report issued on Monday, June 17th. B. Riley analyst L. Pipes now expects that the company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.03. B. Riley currently has a "Buy" rating and a $3.00 target price on the stock. The consensus estimate for TeraWulf's current full-year earnings is ($0.06) per share. B. Riley also issued estimates for TeraWulf's Q3 2024 earnings at ($0.01) EPS, Q1 2026 earnings at $0.01 EPS and FY2026 earnings at $0.09 EPS.
TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.07). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The firm had revenue of $42.43 million during the quarter, compared to the consensus estimate of $41.86 million.
Several other equities research analysts have also recently issued reports on WULF. Compass Point reduced their target price on TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Thursday, March 21st. Cantor Fitzgerald assumed coverage on TeraWulf in a research note on Tuesday, June 11th. They set an "overweight" rating and a $7.00 price objective on the stock. Finally, Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They set a "buy" rating and a $4.20 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $4.16.
Get Our Latest Stock Analysis on WULF
TeraWulf Trading Up 2.7 %
Shares of WULF stock traded up $0.12 during trading hours on Tuesday, hitting $4.51. The stock had a trading volume of 25,927,670 shares, compared to its average volume of 19,577,756. TeraWulf has a one year low of $0.89 and a one year high of $4.52. The stock's 50-day moving average price is $2.49 and its two-hundred day moving average price is $2.18.
Institutional Trading of TeraWulf
A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company's stock valued at $119,000 after purchasing an additional 6,450 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of TeraWulf in the first quarter valued at approximately $64,000. Vanguard Group Inc. boosted its holdings in shares of TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company's stock valued at $30,830,000 after purchasing an additional 1,764,115 shares during the period. SG Americas Securities LLC purchased a new stake in shares of TeraWulf in the first quarter valued at approximately $141,000. Finally, Quantbot Technologies LP purchased a new stake in shares of TeraWulf in the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
Insider Activity
In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the company's stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the transaction, the treasurer now owns 337,245 shares of the company's stock, valued at $1,096,046.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 24.88% of the company's stock.
About TeraWulf
(
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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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