TeraWulf (NASDAQ:WULF) Shares Gap Up to $2.12

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Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.12, but opened at $2.27. TeraWulf shares last traded at $2.14, with a volume of 2,142,429 shares trading hands.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $4.00 target price on shares of TeraWulf in a report on Thursday, March 28th. B. Riley dropped 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. Compass Point dropped 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. Finally, Rosenblatt Securities assumed coverage on TeraWulf in a report on Tuesday, April 9th. They set a "buy" rating and a $4.20 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $3.66.

Get Our Latest Stock Analysis on TeraWulf

TeraWulf Stock Performance

The firm's 50-day simple moving average is $2.18 and its two-hundred day simple moving average is $1.82.

Hedge Funds Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new position in TeraWulf during the 4th quarter worth $27,000. Partners Capital Investment Group LLP acquired a new position in TeraWulf during the 4th quarter worth $29,000. Miracle Mile Advisors LLC acquired a new position in TeraWulf during the 1st quarter worth $29,000. Global Retirement Partners LLC acquired a new position in TeraWulf during the 4th quarter worth $30,000. Finally, Regatta Capital Group LLC acquired a new position in TeraWulf during the 4th quarter worth $31,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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