TeraWulf (NASDAQ:WULF) Stock Price Up 11.4%

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) were up 11.4% on Monday . The stock traded as high as $2.44 and last traded at $2.44. Approximately 5,465,933 shares were traded during trading, a decline of 71% from the average daily volume of 19,073,865 shares. The stock had previously closed at $2.19.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WULF shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $4.00 target price on shares of TeraWulf in a report on Thursday, March 28th. Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They issued a "buy" rating and a $4.20 price objective on the stock. Compass Point reduced their target price on TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Thursday, March 21st. Finally, B. Riley cut their price target on TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, April 5th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $3.66.

TeraWulf Trading Up 10.8 %

The business has a fifty day moving average price of $2.18 and a 200 day moving average price of $1.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in TeraWulf during the 1st quarter worth approximately $29,000. Apollon Wealth Management LLC acquired a new position in shares of TeraWulf during the fourth quarter worth $27,000. Delta Financial Group Inc. grew its stake in shares of TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company's stock worth $116,000 after purchasing an additional 11,100 shares during the last quarter. Partners Capital Investment Group LLP acquired a new stake in TeraWulf in the fourth quarter valued at $29,000. Finally, Global Retirement Partners LLC bought a new position in TeraWulf during the 4th quarter worth $30,000. 62.49% of the stock is currently owned by institutional investors.

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.