TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $5.20, but opened at $5.60. TeraWulf shares last traded at $5.57, with a volume of 4,800,051 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WULF shares. Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a "market perform" rating for the company. Stifel Canada cut shares of TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, October 29th. Northland Securities restated an "outperform" rating and set a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a research report on Monday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf has an average rating of "Buy" and a consensus target price of $8.64.
Check Out Our Latest Research Report on TeraWulf
TeraWulf Trading Down 5.3 %
The business has a fifty day moving average of $6.85 and a 200 day moving average of $5.52.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. ARS Investment Partners LLC lifted its position in TeraWulf by 20.0% during the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock worth $68,000 after acquiring an additional 2,000 shares during the last quarter. Lionsbridge Wealth Management LLC acquired a new stake in shares of TeraWulf in the 4th quarter valued at $194,000. Financial Enhancement Group LLC acquired a new position in TeraWulf during the fourth quarter worth about $1,274,000. Rosenberg Matthew Hamilton acquired a new position in TeraWulf during the 4th quarter worth approximately $32,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of TeraWulf during the fourth quarter worth $933,000. 62.49% of the stock is currently owned by institutional investors.
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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