Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.85, but opened at $7.07. TeraWulf shares last traded at $7.02, with a volume of 4,053,660 shares trading hands.
Wall Street Analysts Forecast Growth
WULF has been the topic of several recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 target price on shares of TeraWulf in a research report on Thursday, October 3rd. B. Riley reissued a "buy" rating and issued a $6.00 price target on shares of TeraWulf in a research note on Monday, October 7th. Stifel Canada raised TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, October 4th. Needham & Company LLC initiated coverage on TeraWulf in a research report on Wednesday, September 4th. They set a "buy" rating and a $6.00 target price for the company. Finally, Roth Mkm reiterated a "buy" rating and set a $6.50 price objective on shares of TeraWulf in a research note on Monday, July 8th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf currently has an average rating of "Buy" and a consensus target price of $6.17.
Read Our Latest Stock Analysis on WULF
TeraWulf Trading Down 2.3 %
The company has a fifty day moving average price of $4.69 and a 200-day moving average price of $3.92.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million during the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. As a group, equities research analysts predict that TeraWulf Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TeraWulf
Several large investors have recently added to or reduced their stakes in WULF. Aspect Partners LLC acquired a new stake in TeraWulf in the third quarter worth approximately $26,000. 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 worth $35,000 after buying an additional 2,912 shares during the last quarter. ARS Investment Partners LLC bought a new stake in shares of TeraWulf during the second quarter valued at about $44,000. Pekin Hardy Strauss Inc. bought a new stake in shares of TeraWulf during the 2nd quarter valued at about $44,000. Finally, Miracle Mile Advisors LLC acquired a new position in shares of TeraWulf during the first quarter valued at about $29,000. 62.49% of the stock is owned by hedge funds and other institutional investors.
TeraWulf Company Profile
(
Get Free Report)
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.
Further Reading
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
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
