TeraWulf Inc. (NASDAQ:WULF - Get Free Report) was up 4.8% on Wednesday . The company traded as high as $2.18 and last traded at $2.17. Approximately 9,696,509 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 18,125,066 shares. The stock had previously closed at $2.07.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on WULF shares. B. Riley decreased their price target on TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, April 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. Rosenblatt Securities assumed coverage on TeraWulf in a research report on Tuesday, April 9th. They issued a "buy" rating and a $4.20 target price on the stock. Finally, Compass Point cut their target price on TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $3.66.
View Our Latest Report on WULF
TeraWulf Stock Performance
The company has a 50-day moving average of $2.26 and a 200-day moving average of $1.96.
Institutional Investors Weigh In On TeraWulf
Large investors have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC acquired a new stake in TeraWulf in the fourth quarter worth $27,000. Partners Capital Investment Group LLP acquired a new stake in TeraWulf in the fourth quarter worth $29,000. Miracle Mile Advisors LLC acquired a new stake in TeraWulf in the first quarter worth $29,000. Global Retirement Partners LLC acquired a new stake in TeraWulf in the fourth quarter worth $30,000. Finally, Regatta Capital Group LLC bought a new position in shares of TeraWulf in the fourth quarter worth $31,000. 62.49% of the stock is owned by institutional investors and hedge funds.
About TeraWulf
(
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.
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