TeraWulf Sees Unusually Large Options Volume (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw unusually large options trading activity on Monday. Investors acquired 26,556 call options on the company. This is an increase of 67% compared to the average volume of 15,927 call options.

Wall Street Analyst Weigh In

A number of analysts recently commented on WULF shares. Cantor Fitzgerald restated an "overweight" rating and issued a $4.00 price objective on shares of TeraWulf in a research report on Thursday, March 28th. Compass Point cut their price objective on TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Thursday, March 21st. B. Riley decreased their price objective on TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Finally, Rosenblatt Securities began 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. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $3.66.

Institutional Investors Weigh In On TeraWulf

Several institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of TeraWulf by 126.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company's stock valued at $5,897,000 after purchasing an additional 1,372,195 shares during the last quarter. Platform Technology Partners bought a new stake in TeraWulf during the 3rd quarter worth about $416,000. Quadrature Capital Ltd acquired a new position in shares of TeraWulf during the 3rd quarter worth about $144,000. Swiss National Bank bought a new position in shares of TeraWulf in the 3rd quarter valued at about $294,000. Finally, Van ECK Associates Corp increased its position in shares of TeraWulf by 3.0% in the third quarter. Van ECK Associates Corp now owns 2,434,668 shares of the company's stock valued at $3,068,000 after acquiring an additional 70,110 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Up 12.7 %

Shares of WULF stock traded up $0.29 on Monday, hitting $2.58. 24,249,586 shares of the stock were exchanged, compared to its average volume of 19,875,896. The business has a 50-day moving average of $2.17 and a 200 day moving average of $1.76. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $4.04.

About TeraWulf

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.