Roth Capital Forecasts Strong Price Appreciation for TeraWulf (NASDAQ:WULF) Stock

Key Points

• Roth Capital has raised its price target for TeraWulf (NASDAQ:WULF) from $7.00 to $12.50, suggesting a potential upside of 36.28% from the stock's previous close.
• TeraWulf has recently experienced a stock price increase, trading up 5.3% to reach $9.17 per share.
• The company reported a revenue of $47.64 million for the quarter, exceeding analysts' expectations, although it posted an earnings per share of (0.05), missing forecasts.

TeraWulf (NASDAQ:WULF - Get Free Report) had its price objective upped by equities research analysts at Roth Capital from $7.00 to $12.50 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Capital's target price suggests a potential upside of 36.28% from the stock's previous close.

A number of other brokerages also recently weighed in on WULF. Northland Securities set a $12.00 price target on shares of TeraWulf in a report on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of TeraWulf in a research note on Thursday. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research note on Thursday, May 22nd. Rosenblatt Securities boosted their price objective on shares of TeraWulf from $6.00 to $10.50 and gave the company a "buy" rating in a research note on Friday. Finally, JMP Securities upped their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TeraWulf currently has a consensus rating of "Buy" and an average target price of $9.94.

TeraWulf Stock Up 5.3%

WULF stock traded up $0.46 during midday trading on Friday, reaching $9.17. 73,675,583 shares of the company's stock traded hands, compared to its average volume of 44,523,457. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -26.03 and a beta of 3.17. The firm's fifty day moving average price is $4.83 and its 200-day moving average price is $3.98. The company has a quick ratio of 1.90, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf has a 52 week low of $2.06 and a 52 week high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%. TeraWulf's revenue was up 33.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. As a group, sell-side analysts forecast that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of TeraWulf by 5.2% during the 2nd quarter. Sei Investments Co. now owns 37,529 shares of the company's stock valued at $164,000 after buying an additional 1,869 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in TeraWulf by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock worth $181,000 after purchasing an additional 2,258 shares in the last quarter. Advisors Asset Management Inc. raised its position in TeraWulf by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock worth $30,000 after buying an additional 2,748 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in TeraWulf by 5.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 59,677 shares of the company's stock worth $261,000 after buying an additional 2,905 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after purchasing an additional 3,054 shares during the last quarter. 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.

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