Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.77, but opened at $4.29. TeraWulf shares last traded at $4.88, with a volume of 12,617,960 shares.
Analysts Set New Price Targets
Several equities analysts recently issued reports on WULF shares. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Needham & Company LLC reissued a "buy" rating and set a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They set a "market perform" rating for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $8.64.
View Our Latest Research Report on TeraWulf
TeraWulf Price Performance
The stock has a 50-day moving average of $6.25 and a 200-day moving average of $5.53.
Institutional Investors Weigh In On TeraWulf
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its holdings in shares of TeraWulf by 15.4% in the 4th quarter. Arizona State Retirement System now owns 83,219 shares of the company's stock valued at $471,000 after acquiring an additional 11,095 shares in the last quarter. Victory Capital Management Inc. increased its holdings in TeraWulf by 167.6% during the fourth quarter. Victory Capital Management Inc. now owns 93,288 shares of the company's stock worth $528,000 after buying an additional 58,422 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in 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. SBI Securities Co. Ltd. acquired a new stake in TeraWulf in the fourth quarter valued at $988,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of TeraWulf in the 4th quarter valued at about $221,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.
About TeraWulf
(
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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