TeraWulf Inc. (NASDAQ:WULF - Free Report) - Investment analysts at Northland Capmk boosted their Q1 2024 earnings estimates for shares of TeraWulf in a report released on Monday, April 8th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.01. The consensus estimate for TeraWulf's current full-year earnings is $0.13 per share. Northland Capmk also issued estimates for TeraWulf's FY2024 earnings at ($0.01) EPS.
A number of other analysts have also commented on WULF. Compass Point decreased their price target on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Thursday, March 21st. Rosenblatt Securities initiated coverage on shares of TeraWulf in a research report on Tuesday. They issued a "buy" rating and a $4.20 price objective for the company. B. Riley dropped their target price on shares of TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $4.00 target price on shares of TeraWulf in a research note on Thursday, March 28th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, TeraWulf has a consensus rating of "Buy" and an average target price of $3.66.
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TeraWulf Price Performance
WULF stock traded down $0.04 during mid-day trading on Wednesday, hitting $2.18. The stock had a trading volume of 10,839,848 shares, compared to its average volume of 20,599,914. TeraWulf has a 52 week low of $0.89 and a 52 week high of $4.04. The firm has a fifty day simple moving average of $2.13 and a 200 day simple moving average of $1.70.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Platform Technology Partners purchased a new stake in shares of TeraWulf in the third quarter worth about $416,000. Quadrature Capital Ltd purchased a new stake in shares of TeraWulf in the third quarter valued at $144,000. Swiss National Bank bought a new position in TeraWulf during the third quarter valued at about $294,000. Van ECK Associates Corp grew its position in shares of TeraWulf by 3.0% in the third quarter. Van ECK Associates Corp now owns 2,434,668 shares of the company's stock valued at $3,068,000 after purchasing an additional 70,110 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in TeraWulf by 256.2% during the third quarter. Vontobel Holding Ltd. now owns 84,653 shares of the company's stock worth $107,000 after buying an additional 60,888 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
About TeraWulf
(
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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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