Sargent Investment Group LLC reduced its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 90.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,225 shares of the company's stock after selling 197,615 shares during the quarter. Sargent Investment Group LLC's holdings in TeraWulf were worth $55,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Calamos Advisors LLC acquired a new position in shares of TeraWulf during the 1st quarter valued at $33,000. Platform Technology Partners acquired a new position in shares of TeraWulf in the 1st quarter worth $39,000. Kraematon Investment Advisors Inc. acquired a new position in shares of TeraWulf in the 1st quarter worth $42,000. Regatta Capital Group LLC acquired a new position in shares of TeraWulf in the 1st quarter worth $42,000. Finally, CoreCap Advisors LLC grew its holdings in shares of TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after acquiring an additional 3,054 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
TeraWulf Trading Down 4.3%
TeraWulf stock opened at $5.13 on Monday. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $9.30. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -15.55 and a beta of 3.11. The business has a 50 day moving average price of $4.26 and a two-hundred day moving average price of $4.03. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.03.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The business's revenue was down 18.9% on a year-over-year basis. As a group, equities analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on WULF shares. JMP Securities initiated coverage on TeraWulf in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 target price on the stock. Rosenblatt Securities lifted their price objective on TeraWulf from $4.50 to $6.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. Finally, Jones Trading initiated coverage on TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective 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 company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $8.06.
Check Out Our Latest 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.
Further Reading
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