TeraWulf Inc. (NASDAQ:WULF - Get Free Report) rose 2.8% during mid-day trading on Wednesday . The stock traded as high as $1.96 and last traded at $1.93. Approximately 1,097,185 shares were traded during trading, a decline of 94% from the average daily volume of 19,860,402 shares. The stock had previously closed at $1.88.
Wall Street Analyst Weigh In
WULF has been the subject of several recent analyst reports. B. Riley decreased their price objective 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. Rosenblatt Securities initiated coverage on shares of TeraWulf in a report on Tuesday, April 9th. They set a "buy" rating and a $4.20 price objective for the company. Compass Point decreased their price objective 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. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $4.00 price objective on shares of TeraWulf in a report on Thursday, March 28th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, TeraWulf currently has a consensus rating of "Buy" and a consensus price target of $3.66.
Check Out Our Latest Research Report on WULF
TeraWulf Trading Up 4.5 %
The business's fifty day moving average price is $2.16 and its 200 day moving average price is $1.73.
Hedge Funds Weigh In On TeraWulf
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. increased its position 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 purchasing an additional 3,560 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in TeraWulf in the 1st quarter valued at about $86,000. Apollon Wealth Management LLC acquired a new stake in TeraWulf in the 4th quarter valued at about $27,000. Franklin Resources Inc. acquired a new stake in TeraWulf in the 4th quarter valued at about $29,000. Finally, Partners Capital Investment Group LLP acquired a new stake in TeraWulf in the 4th quarter valued at about $29,000. 62.49% of the stock is 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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