TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price gapped up before the market opened 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.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Keefe, Bruyette & Woods started coverage on TeraWulf in a research note on Wednesday, January 8th. They set a "market perform" rating for the company. Needham & Company LLC reissued a "buy" rating and issued a $9.50 price target on shares of TeraWulf in a research note on Monday. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, TeraWulf presently has an average rating of "Buy" and an average target price of $8.64.
Read Our Latest Analysis on TeraWulf
TeraWulf Stock Up 7.1 %
The business has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $5.51.
Hedge Funds Weigh In On TeraWulf
Several institutional investors and hedge funds have recently bought and sold shares of the company. Aspect Partners LLC purchased a new stake in shares of TeraWulf during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new stake in TeraWulf during the fourth quarter worth $32,000. FMR LLC raised its position in TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after purchasing an additional 1,408 shares during the period. Amalgamated Bank lifted its stake in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock valued at $35,000 after purchasing an additional 2,912 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of TeraWulf during the 3rd quarter worth $39,000. 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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