TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $5.32, but opened at $5.51. TeraWulf shares last traded at $5.52, with a volume of 4,340,104 shares.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on WULF. B. Riley increased their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Needham & Company LLC lifted their target price on shares of TeraWulf from $6.00 to $9.50 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Stifel Canada downgraded TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $8.64.
View Our Latest Analysis on WULF
TeraWulf Stock Performance
The company's 50 day moving average price is $7.02 and its 200-day moving average price is $5.43.
Institutional Trading of TeraWulf
Several hedge funds have recently made changes to their positions in WULF. Charles Schwab Investment Management Inc. grew its stake in shares of TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock worth $11,063,000 after acquiring an additional 1,704,013 shares during the period. State Street Corp increased its stake in shares of TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company's stock worth $29,405,000 after purchasing an additional 227,186 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of TeraWulf in the third quarter worth about $340,000. Barclays PLC raised its position in shares of TeraWulf by 419.7% in the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after purchasing an additional 343,016 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of TeraWulf by 97.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company's stock valued at $3,757,000 after buying an additional 417,369 shares in the last quarter. 62.49% of the stock is currently owned by 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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