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TeraWulf Inc. (NASDAQ:WULF) to Post Q2 2024 Earnings of $0.00 Per Share, Northland Capmk Forecasts

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TeraWulf Inc. (NASDAQ:WULF - Free Report) - Stock analysts at Northland Capmk boosted their Q2 2024 earnings per share estimates for shares of TeraWulf in a research note issued to investors on Thursday, June 6th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.04). The consensus estimate for TeraWulf's current full-year earnings is ($0.06) per share. Northland Capmk also issued estimates for TeraWulf's Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.10) EPS and FY2025 earnings at ($0.09) EPS.

Several other research analysts also recently commented on WULF. Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They set a "buy" rating and a $4.20 target price for the company. B. Riley lowered their price objective 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. Compass Point cut their target price on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $3.66.

Check Out Our Latest Report on TeraWulf

TeraWulf Stock Performance

Shares of TeraWulf stock remained flat at $3.09 during trading on Monday. The stock had a trading volume of 20,073,588 shares, compared to its average volume of 19,016,861. TeraWulf has a 12 month low of $0.89 and a 12 month high of $4.04. The company has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $2.06.


TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.07). TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. The firm had revenue of $42.43 million during the quarter, compared to the consensus estimate of $41.86 million.

Insider Activity

In other TeraWulf news, Treasurer Kenneth J. Deane sold 69,996 shares of TeraWulf stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the transaction, the treasurer now directly owns 337,245 shares of the company's stock, valued at approximately $1,096,046.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.88% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WULF. Apollon Wealth Management LLC bought a new stake in shares of TeraWulf during the 4th quarter valued at about $27,000. Partners Capital Investment Group LLP acquired a new stake in shares of TeraWulf during the 4th quarter worth approximately $29,000. Miracle Mile Advisors LLC bought a new stake in shares of TeraWulf in the 1st quarter valued at $29,000. Global Retirement Partners LLC acquired a new position in shares of TeraWulf during the 4th quarter valued at $30,000. Finally, Regatta Capital Group LLC acquired a new position in shares of TeraWulf during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 62.49% of the company's stock.

About TeraWulf

(Get 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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