TeraWulf Inc. (NASDAQ:WULF) Given Consensus Recommendation of "Buy" by Analysts

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has been given a consensus recommendation of "Buy" by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One research 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. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.86.

Several research firms have recently weighed in on WULF. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 target price on shares of TeraWulf in a research note on Monday, January 6th. Jones Trading began coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective for the company. Rosenblatt Securities lowered their target price on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Atb Cap Markets upgraded TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th.

TeraWulf Trading Up 17.8 %

TeraWulf stock opened at $2.65 on Wednesday. The business's 50 day simple moving average is $3.18 and its 200 day simple moving average is $5.16. TeraWulf has a 12 month low of $1.91 and a 12 month high of $9.30. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -13.25 and a beta of 2.76.

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

Hedge Funds Weigh In On TeraWulf

Institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its holdings in shares of TeraWulf by 26.3% during the first quarter. Exchange Traded Concepts LLC now owns 1,663,536 shares of the company's stock worth $4,541,000 after purchasing an additional 346,750 shares in the last quarter. SG Americas Securities LLC lifted its position in TeraWulf by 6.2% during the first quarter. SG Americas Securities LLC now owns 130,322 shares of the company's stock valued at $356,000 after purchasing an additional 7,597 shares during the last quarter. Regatta Capital Group LLC purchased a new position in TeraWulf in the 1st quarter worth approximately $42,000. Kraematon Investment Advisors Inc. purchased a new position in TeraWulf in the 1st quarter worth approximately $42,000. Finally, Intellectus Partners LLC increased its holdings in shares of TeraWulf by 43.4% in the 1st quarter. Intellectus Partners LLC now owns 38,000 shares of the company's stock worth $104,000 after buying an additional 11,500 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

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.

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