TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.18, but opened at $6.50. TeraWulf shares last traded at $6.49, with a volume of 4,623,662 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently commented on WULF. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. Northland Securities restated an "outperform" rating and set a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. B. Riley lifted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Atb Cap Markets upgraded TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $8.64.
Check Out Our Latest Report on WULF
TeraWulf Stock Performance
The firm's 50 day moving average is $6.61 and its 200-day moving average is $5.56.
Institutional Investors Weigh In On TeraWulf
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock worth $33,623,000 after purchasing an additional 820,354 shares during the period. State Street Corp lifted its position in shares of TeraWulf by 3.8% during 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. Point72 Asset Management L.P. acquired a new position in TeraWulf in the 2nd quarter worth $22,443,000. Charles Schwab Investment Management Inc. boosted its holdings in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock valued at $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of TeraWulf during the 2nd quarter valued at approximately $9,948,000. 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.
Read More
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 when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
