Q4 Earnings Estimate for TeraWulf Issued By Atb Cap Markets

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Atb Cap Markets issued their Q4 2024 earnings estimates for shares of TeraWulf in a report issued on Tuesday, February 4th. Atb Cap Markets analyst M. Toner expects that the company will post earnings per share of ($0.03) for the quarter. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for TeraWulf's current full-year earnings is ($0.16) per share.

A number of other brokerages have also issued reports on WULF. Rosenblatt Securities reaffirmed a "buy" rating and set a $10.00 price target on shares of TeraWulf in a research note on Monday, January 13th. B. Riley lifted their target price on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a "market perform" rating for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $8.64.

TeraWulf Trading Up 2.9 %

Shares of TeraWulf stock traded up $0.15 on Friday, hitting $5.18. The company had a trading volume of 25,017,281 shares, compared to its average volume of 45,447,672. TeraWulf has a 52 week low of $1.57 and a 52 week high of $9.30. The business has a 50-day simple moving average of $6.15 and a 200-day simple moving average of $5.53.

Institutional Trading of TeraWulf

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock valued at $33,623,000 after buying an additional 820,354 shares during the period. State Street Corp grew its holdings in shares of TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company's stock valued at $29,405,000 after acquiring an additional 227,186 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after acquiring an additional 2,028,383 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of TeraWulf by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after acquiring an additional 105,997 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its position in TeraWulf by 8.8% during the fourth quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company's stock valued at $12,487,000 after purchasing an additional 178,620 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

About TeraWulf

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.