Brokerages Set TeraWulf Inc. (NASDAQ:WULF) Target Price at $8.64

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has received an average rating of "Buy" from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.64.

Several research analysts have recently issued reports on the company. B. Riley upped their price objective on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods started coverage on TeraWulf in a report on Wednesday, January 8th. They issued a "market perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Rosenblatt Securities restated a "buy" rating and set a $10.00 price objective on shares of TeraWulf in a research report on Monday. Finally, Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th.

TeraWulf Trading Up 7.1 %

NASDAQ:WULF traded up $0.24 during mid-day trading on Tuesday, hitting $3.60. The stock had a trading volume of 24,434,506 shares, compared to its average volume of 45,488,156. TeraWulf has a twelve month low of $1.57 and a twelve month high of $9.30. The stock has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $5.56. The company has a market capitalization of $1.39 billion, a PE ratio of -18.00 and a beta of 2.70.

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TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business's revenue for the quarter was up 50.2% on a year-over-year basis. Sell-side analysts predict that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WULF. Senator Investment Group LP acquired a new stake in shares of TeraWulf during the fourth quarter worth about $24,371,000. Science & Technology Partners L.P. acquired a new stake in TeraWulf during the 4th quarter worth approximately $18,606,000. BIT Capital GmbH lifted its holdings in shares of TeraWulf by 169.4% during the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock worth $22,503,000 after purchasing an additional 2,499,865 shares during the period. Van ECK Associates Corp boosted its holdings 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 valued at $26,964,000 after acquiring an additional 2,028,383 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in TeraWulf during the 4th quarter worth approximately $10,970,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.