TeraWulf Inc. (NASDAQ:WULF) Receives $6.17 Consensus Target Price from Analysts

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has been given a consensus recommendation of "Buy" by the eight analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.17.

A number of research firms have recently issued reports on WULF. Roth Capital upgraded shares of TeraWulf to a "strong-buy" rating in a report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $5.00 target price on shares of TeraWulf in a research report on Tuesday, October 8th. Stifel Canada raised TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, October 4th. B. Riley restated a "buy" rating and set a $6.00 price objective on shares of TeraWulf in a research report on Monday, October 7th. Finally, Roth Mkm reiterated a "buy" rating and issued a $6.50 target price on shares of TeraWulf in a report on Monday, July 8th.

TeraWulf Stock Up 3.0 %

WULF traded up $0.20 during trading hours on Wednesday, hitting $6.89. The company's stock had a trading volume of 20,448,719 shares, compared to its average volume of 20,775,986. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $7.28. The company has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $3.96.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The company had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. As a group, research analysts predict that TeraWulf will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aspect Partners LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth approximately $26,000. Miracle Mile Advisors LLC acquired a new position in TeraWulf in the 1st quarter valued at $29,000. Amalgamated Bank lifted its position in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock valued at $35,000 after acquiring an additional 2,912 shares during the period. ARS Investment Partners LLC acquired a new stake in shares of TeraWulf during the 2nd quarter worth $44,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of TeraWulf in the second quarter worth $44,000. Institutional investors own 62.49% of the company's stock.

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.