TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.23, but opened at $6.04. TeraWulf shares last traded at $6.09, with a volume of 3,929,993 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts recently commented on WULF shares. Northland Securities reiterated an "outperform" rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. B. Riley raised their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Stifel Canada cut shares of TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $8.64.
View Our Latest Research Report on WULF
TeraWulf Trading Up 2.3 %
The business's fifty day moving average price is $6.61 and its 200 day moving average price is $5.56.
Institutional Investors Weigh In On TeraWulf
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in TeraWulf by 12.9% in the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock valued at $33,623,000 after purchasing an additional 820,354 shares during the period. State Street Corp grew its holdings in TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company's stock valued at $29,405,000 after purchasing an additional 227,186 shares during the period. Point72 Asset Management L.P. purchased a new stake in TeraWulf in the second quarter valued at approximately $22,443,000. Charles Schwab Investment Management Inc. grew its holdings in TeraWulf by 258.2% in the third 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 period. Finally, Driehaus Capital Management LLC purchased a new stake in TeraWulf in the second quarter valued at approximately $9,948,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
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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