TeraWulf Inc. (NASDAQ:WULF - Get Free Report) shares shot up 6.2% during mid-day trading on Monday . The company traded as high as $2.07 and last traded at $2.07. 5,338,727 shares changed hands during trading, a decline of 71% from the average session volume of 18,323,301 shares. The stock had previously closed at $1.95.
Wall Street Analyst Weigh In
Several research firms have issued reports on WULF. B. Riley lowered their price objective on shares of TeraWulf from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Rosenblatt Securities began coverage on TeraWulf in a research report on Tuesday, April 9th. They issued a "buy" rating and a $4.20 price objective for the company. Compass Point cut their price target on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $4.00 price objective on shares of TeraWulf in a research note on Thursday, March 28th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, TeraWulf currently has a consensus rating of "Buy" and an average target price of $3.66.
Check Out Our Latest Analysis on TeraWulf
TeraWulf Stock Up 9.5 %
The business has a fifty day moving average of $2.23 and a two-hundred day moving average of $1.92.
Institutional Investors Weigh In On TeraWulf
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC purchased a new stake in shares of TeraWulf during the fourth quarter worth approximately $27,000. Partners Capital Investment Group LLP acquired a new stake in TeraWulf in the 4th quarter valued at approximately $29,000. Miracle Mile Advisors LLC purchased a new stake in shares of TeraWulf in the 1st quarter valued at $29,000. Global Retirement Partners LLC acquired a new stake in shares of TeraWulf during the fourth quarter worth about $30,000. Finally, Regatta Capital Group LLC purchased a new position in TeraWulf in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
TeraWulf Company Profile
(
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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