B. Riley Estimates TeraWulf's Q2 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Analysts at B. Riley raised their Q2 2025 earnings estimates for TeraWulf in a research note issued to investors on Wednesday, July 9th. B. Riley analyst N. Giles now expects that the company will earn ($0.02) per share for the quarter, up from their prior estimate of ($0.03). The consensus estimate for TeraWulf's current full-year earnings is ($0.17) per share. B. Riley also issued estimates for TeraWulf's FY2025 earnings at ($0.18) EPS.

A number of other research analysts have also recently issued reports on the stock. Jones Trading initiated coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 target price for the company. JMP Securities started coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price target on the stock. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target on the stock in a research report on Thursday, May 22nd. Finally, Rosenblatt Securities increased their price target on shares of TeraWulf from $4.50 to $6.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $8.06.

TeraWulf Stock Down 4.7%

TeraWulf stock traded down $0.24 during mid-day trading on Friday, reaching $4.89. The company had a trading volume of 69,263,653 shares, compared to its average volume of 33,469,931. TeraWulf has a 1 year low of $2.06 and a 1 year high of $9.30. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 3.03. The stock's 50-day simple moving average is $4.02 and its 200-day simple moving average is $4.08.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The company had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. The firm's revenue was down 18.9% compared to the same quarter last year.

Institutional Trading of TeraWulf

Hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new position in shares of TeraWulf in the 2nd quarter valued at $470,000. Wealth Enhancement Advisory Services LLC increased its stake in TeraWulf by 7.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 729,734 shares of the company's stock worth $3,196,000 after buying an additional 48,573 shares during the period. NBC Securities Inc. increased its stake in TeraWulf by 77.3% during the 2nd quarter. NBC Securities Inc. now owns 198,390 shares of the company's stock worth $868,000 after buying an additional 86,500 shares during the period. Hodges Capital Management Inc. increased its stake in TeraWulf by 17,747.4% during the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock worth $9,745,000 after buying an additional 3,549,479 shares during the period. Finally, Rhumbline Advisers increased its position in shares of TeraWulf by 5.5% in the 1st quarter. Rhumbline Advisers now owns 366,217 shares of the company's stock worth $1,000,000 after purchasing an additional 19,216 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

About TeraWulf

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.