Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw strong trading volume on Thursday . 26,276,311 shares were traded during mid-day trading, an increase of 30% from the previous session's volume of 20,229,656 shares.The stock last traded at $6.39 and had previously closed at $6.40.
Wall Street Analysts Forecast Growth
WULF has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $5.00 target price on shares of TeraWulf in a report on Tuesday, October 8th. Roth Mkm restated a "buy" rating and set a $6.50 price objective on shares of TeraWulf in a research note on Monday, July 8th. Stifel Canada upgraded shares of TeraWulf from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, October 4th. Roth Capital upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC assumed coverage on shares of TeraWulf in a report on Wednesday, September 4th. They issued a "buy" rating and a $6.00 price target for the company. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $6.17.
Read Our Latest Analysis on WULF
TeraWulf Price Performance
The stock's fifty day moving average is $4.54 and its two-hundred day moving average is $3.82.
TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings results 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 net margin of 41.67% and a negative return on equity of 19.77%. Analysts expect that TeraWulf Inc. will post -0.1 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Aspect Partners LLC acquired a new position in shares of TeraWulf during the third quarter valued at $26,000. Miracle Mile Advisors LLC acquired a new position in TeraWulf during the 1st quarter valued at about $29,000. Amalgamated Bank raised 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 in the last quarter. ARS Investment Partners LLC acquired a new stake in shares of TeraWulf in the 2nd quarter worth approximately $44,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of TeraWulf in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 62.49% of the company's stock.
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.
Featured Articles
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 has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
