TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $2.33, but opened at $2.41. TeraWulf shares last traded at $2.47, with a volume of 2,078,763 shares traded.
Analyst Ratings Changes
WULF has been the topic of a number of research analyst reports. Compass Point cut their price target on TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Thursday, March 21st. Cantor Fitzgerald restated an "overweight" rating and set a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $3.75.
Check Out Our Latest Analysis on WULF
TeraWulf Price Performance
The business has a fifty day moving average of $2.10 and a 200-day moving average of $1.68.
Hedge Funds Weigh In On TeraWulf
A number of large investors have recently modified their holdings of WULF. California State Teachers Retirement System lifted its holdings in shares of TeraWulf by 202.0% in the 1st quarter. California State Teachers Retirement System now owns 26,137 shares of the company's stock worth $25,000 after purchasing an additional 17,482 shares in the last quarter. Citigroup Inc. lifted its stake in TeraWulf by 17,705.9% during the 2nd quarter. Citigroup Inc. now owns 15,135 shares of the company's stock valued at $26,000 after acquiring an additional 15,050 shares in the last quarter. Apollon Wealth Management LLC bought a new position in TeraWulf during the 4th quarter valued at $27,000. Partners Capital Investment Group LLP bought a new position in TeraWulf during the 4th quarter valued at $29,000. Finally, Franklin Resources Inc. bought a new position in TeraWulf during the 4th quarter valued at $29,000. 62.49% of the stock is currently owned by institutional investors.
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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