TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s share price 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 trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on WULF shares. Needham & Company LLC reissued a "buy" rating and issued a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. Northland Securities reissued an "outperform" rating and set a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $10.00 target price on shares of TeraWulf in a research report on Monday, January 13th. One equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $8.64.
Read Our Latest Report on TeraWulf
TeraWulf Stock Performance
The firm has a 50 day moving average of $6.15 and a 200-day moving average of $5.52.
Institutional Trading of TeraWulf
Hedge funds have recently bought and sold shares of the stock. Intellectus Partners LLC purchased a new stake in TeraWulf during the fourth quarter valued at $150,000. Arizona State Retirement System boosted 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 worth $471,000 after purchasing an additional 11,095 shares during the period. Victory Capital Management Inc. raised its holdings in TeraWulf by 167.6% during the 4th quarter. Victory Capital Management Inc. now owns 93,288 shares of the company's stock valued at $528,000 after buying an additional 58,422 shares during the period. Charles Schwab Investment Management Inc. lifted its position in TeraWulf by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after buying an additional 105,997 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in TeraWulf during the fourth quarter valued at $988,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
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.
Further Reading
Before you consider TeraWulf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TeraWulf wasn't on the list.
While TeraWulf currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
