Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have been assigned an average rating of "Buy" from the seven research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.66.
A number of brokerages have weighed in on WULF. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $4.00 target price on shares of TeraWulf in a research report on Thursday, March 28th. Rosenblatt Securities began coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a "buy" rating and a $4.20 target price on the stock. Compass Point reduced their price target on TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a research report on Thursday, March 21st. Finally, B. Riley decreased their price target on shares of TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Friday, April 5th.
View Our Latest Analysis on TeraWulf
Institutional Trading of TeraWulf
Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in TeraWulf by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company's stock worth $119,000 after acquiring an additional 6,450 shares during the last quarter. PEAK6 Investments LLC purchased a new position in TeraWulf in the 1st quarter worth approximately $64,000. Vanguard Group Inc. boosted its holdings in shares of TeraWulf by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company's stock worth $30,830,000 after purchasing an additional 1,764,115 shares during the last quarter. 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 acquired a new stake in shares of TeraWulf in the first quarter valued at approximately $204,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
TeraWulf Stock Performance
Shares of TeraWulf stock traded down $0.10 on Friday, hitting $2.18. 20,567,046 shares of the company traded hands, compared to its average volume of 12,547,478. The stock's 50 day moving average price is $2.26 and its 200-day moving average price is $1.99. TeraWulf has a 52 week low of $0.89 and a 52 week high of $4.04.
About TeraWulf
(
Get Free ReportTeraWulf 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.
See Also
Before you consider TeraWulf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TeraWulf wasn't on the list.
While TeraWulf currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
