BIT Capital GmbH trimmed its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,681,879 shares of the company's stock after selling 2,293,889 shares during the period. TeraWulf comprises approximately 0.4% of BIT Capital GmbH's portfolio, making the stock its 23rd largest position. BIT Capital GmbH owned about 0.44% of TeraWulf worth $4,592,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of WULF. Senator Investment Group LP bought a new position in shares of TeraWulf during the fourth quarter valued at about $24,371,000. Science & Technology Partners L.P. bought a new position in TeraWulf in the fourth quarter worth about $18,606,000. Alyeska Investment Group L.P. bought a new position in TeraWulf in the fourth quarter worth about $10,970,000. Soros Fund Management LLC bought a new position in TeraWulf in the fourth quarter worth about $8,632,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TeraWulf in the fourth quarter worth about $7,591,000. 62.49% of the stock is owned by institutional investors.
TeraWulf Stock Down 1.9%
NASDAQ WULF traded down $0.10 during mid-day trading on Tuesday, reaching $4.80. The stock had a trading volume of 8,424,840 shares, compared to its average volume of 42,787,605. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $9.30. The stock has a market cap of $1.84 billion, a PE ratio of -14.53 and a beta of 3.17. The company has a fifty day moving average price of $4.53 and a 200 day moving average price of $3.97. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.90 and a quick ratio of 1.90.
TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The firm had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. The business's quarterly revenue was down 18.9% on a year-over-year basis. On average, research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on WULF shares. Rosenblatt Securities raised their target price on shares of TeraWulf from $4.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a report on Thursday, May 22nd. Finally, JMP Securities began coverage on shares of TeraWulf in a report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 target price for the company. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, TeraWulf has an average rating of "Buy" and an average target price of $8.06.
Check Out Our Latest Stock Analysis on TeraWulf
TeraWulf Profile
(
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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