TeraWulf Inc. (NASDAQ:WULF - Get Free Report) dropped 4.1% on Thursday . The company traded as low as $5.38 and last traded at $5.43. Approximately 14,753,849 shares traded hands during trading, a decline of 32% from the average daily volume of 21,651,676 shares. The stock had previously closed at $5.66.
Wall Street Analysts Forecast Growth
WULF has been the topic of a number of recent analyst reports. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Needham & Company LLC upped their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a "buy" rating in a report on Wednesday, November 13th. Stifel Canada downgraded shares of TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $11.00 target price on shares of TeraWulf in a research report on Wednesday, December 4th. Finally, B. Riley increased their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TeraWulf has a consensus rating of "Buy" and an average target price of $8.64.
View Our Latest Report on TeraWulf
TeraWulf Stock Performance
The firm's 50 day moving average is $7.01 and its two-hundred day moving average is $5.43.
Institutional Trading of TeraWulf
A number of institutional investors and hedge funds have recently made changes to their positions in WULF. Geode Capital Management LLC grew its stake in TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock worth $33,623,000 after buying an additional 820,354 shares during the last quarter. State Street Corp grew its position in shares of TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company's stock worth $29,405,000 after acquiring an additional 227,186 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of TeraWulf in the 2nd quarter worth about $22,443,000. Hood River Capital Management LLC bought a new stake in TeraWulf in the 2nd quarter valued at about $20,532,000. Finally, Charles Schwab Investment Management Inc. lifted its position in TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock valued at $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
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.
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