Investors Buy Large Volume of Call Options on TeraWulf (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw some unusual options trading on Monday. Traders purchased 72,970 call options on the company. This represents an increase of 52% compared to the average volume of 48,116 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CenterBook Partners LP lifted its holdings in TeraWulf by 106.7% during the 1st quarter. CenterBook Partners LP now owns 122,170 shares of the company's stock worth $334,000 after buying an additional 63,066 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TeraWulf by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after acquiring an additional 534,315 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of TeraWulf by 167.9% during the 1st quarter. Thoroughbred Financial Services LLC now owns 127,000 shares of the company's stock valued at $346,000 after acquiring an additional 79,600 shares during the last quarter. AM Investment Strategies LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at $78,000. Finally, Apollon Wealth Management LLC raised its position in shares of TeraWulf by 18.5% during the 1st quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock valued at $86,000 after acquiring an additional 4,920 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on WULF. Jones Trading began coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Finally, Rosenblatt Securities decreased their price objective on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $7.86.

TeraWulf Stock Up 15.1%

NASDAQ:WULF traded up $0.46 during trading hours on Monday, reaching $3.47. 36,231,681 shares of the company's stock were exchanged, compared to its average volume of 29,309,393. The company has a market capitalization of $1.33 billion, a P/E ratio of -10.53 and a beta of 3.00. TeraWulf has a 12 month low of $1.91 and a 12 month high of $9.30. The business's 50-day simple moving average is $2.89 and its two-hundred day simple moving average is $4.98.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $34.41 million for the quarter, compared to analysts' expectations of $45.72 million. The company's revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TeraWulf will post -0.17 earnings per share for the current fiscal year.

TeraWulf Company Profile

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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