TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.13, but opened at $2.20. TeraWulf shares last traded at $2.16, with a volume of 2,301,301 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on WULF shares. B. Riley reduced their price target on shares of TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, April 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. Rosenblatt Securities started coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a "buy" rating and a $4.20 price target for the company. Finally, Compass Point reduced their price target on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a report on Thursday, March 21st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $3.66.
Get Our Latest Analysis on WULF
TeraWulf Stock Performance
The firm's 50 day moving average is $2.17 and its 200 day moving average is $1.74.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised its stake in shares of TeraWulf by 2,542.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company's stock worth $31,000 after acquiring an additional 3,560 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of TeraWulf by 7.0% during the 1st quarter. HighTower Advisors LLC now owns 73,905 shares of the company's stock worth $621,000 after acquiring an additional 4,867 shares in the last quarter. American International Group Inc. increased its stake in TeraWulf by 8.8% during the 4th quarter. American International Group Inc. now owns 73,588 shares of the company's stock valued at $177,000 after purchasing an additional 5,952 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in TeraWulf by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 165,756 shares of the company's stock valued at $290,000 after purchasing an additional 6,040 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in TeraWulf by 58.0% during the 4th quarter. Gotham Asset Management LLC now owns 17,969 shares of the company's stock valued at $43,000 after purchasing an additional 6,593 shares in the last quarter. Institutional investors 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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