TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s share price was up 7.7% during mid-day trading on Thursday . The stock traded as high as $5.09 and last traded at $5.09. Approximately 32,219,628 shares traded hands during trading, a decline of 29% from the average daily volume of 45,333,492 shares. The stock had previously closed at $4.73.
Wall Street Analyst Weigh In
A number of analysts have weighed in on WULF shares. Stifel Canada downgraded TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a "buy" rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Atb Cap Markets raised TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. Finally, Northland Securities reaffirmed an "outperform" rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $8.64.
Read Our Latest Research Report on WULF
TeraWulf Stock Performance
The business has a 50 day moving average of $6.36 and a 200-day moving average of $5.54.
Institutional Investors Weigh In On TeraWulf
Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its stake in TeraWulf by 501.5% in the 2nd quarter. Sei Investments Co. now owns 189,336 shares of the company's stock worth $843,000 after acquiring an additional 157,860 shares during the last quarter. AQR Capital Management LLC lifted its position in TeraWulf by 192.3% in the second quarter. AQR Capital Management LLC now owns 244,816 shares of the company's stock valued at $1,089,000 after purchasing an additional 161,061 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of TeraWulf by 60.9% during the second quarter. The Manufacturers Life Insurance Company now owns 87,319 shares of the company's stock valued at $389,000 after purchasing an additional 33,058 shares during the period. Algert Global LLC purchased a new stake in TeraWulf during the 2nd quarter valued at $102,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TeraWulf in the 2nd quarter worth $353,000. 62.49% of the stock is owned by hedge funds and other 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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