TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.24, but opened at $1.98. TeraWulf shares last traded at $2.03, with a volume of 5,047,433 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Rosenblatt Securities initiated coverage on TeraWulf in a research report on Tuesday, April 9th. They issued a "buy" rating and a $4.20 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $4.00 target price on shares of TeraWulf in a report on Thursday, March 28th. B. Riley decreased their target price on TeraWulf from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Finally, Compass Point decreased their target price on TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $3.66.
Check Out Our Latest Analysis on WULF
TeraWulf Stock Performance
The firm has a 50 day moving average price of $2.21 and a 200-day moving average price of $1.88.
Hedge Funds Weigh In On TeraWulf
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company's stock valued at $30,830,000 after buying an additional 1,764,115 shares during the period. Van ECK Associates Corp raised its position in shares of TeraWulf by 50.8% during the first quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company's stock worth $17,708,000 after purchasing an additional 2,268,870 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of TeraWulf by 126.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company's stock worth $5,897,000 after purchasing an additional 1,372,195 shares during the period. Exchange Traded Concepts LLC raised its position in shares of TeraWulf by 37.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,672,844 shares of the company's stock worth $4,015,000 after purchasing an additional 459,997 shares during the period. Finally, GM Advisory Group LLC raised its position in shares of TeraWulf by 3.3% during the fourth quarter. GM Advisory Group LLC now owns 1,237,912 shares of the company's stock worth $2,971,000 after purchasing an additional 39,617 shares during the period. 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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