TeraWulf Inc. (NASDAQ:WULF) Receives $7.86 Average Target Price from Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have received a consensus recommendation of "Buy" from the ten research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $7.86.

A number of analysts have commented on WULF shares. Rosenblatt Securities reduced their target price on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. Atb Cap Markets raised shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. Jones Trading initiated coverage on shares of TeraWulf in a report on Monday, March 31st. They set a "buy" rating and a $4.00 target price for the company. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th.

TeraWulf Stock Up 0.7 %

TeraWulf stock traded up $0.02 during trading hours on Wednesday, hitting $3.02. The stock had a trading volume of 48,698,033 shares, compared to its average volume of 28,429,033. The stock's 50-day moving average price is $3.04 and its 200-day moving average price is $5.14. TeraWulf has a 12-month low of $1.91 and a 12-month high of $9.30. The stock has a market capitalization of $1.16 billion, a P/E ratio of -15.10 and a beta of 2.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company had revenue of $35.00 million for the quarter, compared to analysts' expectations of $37.43 million. TeraWulf's revenue for the quarter was up 50.2% compared to the same quarter last year. On average, research analysts expect that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WULF. Rosenberg Matthew Hamilton bought a new stake in TeraWulf in the fourth quarter worth about $32,000. FMR LLC lifted its stake in TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new stake in TeraWulf in the first quarter worth about $42,000. Regatta Capital Group LLC bought a new stake in TeraWulf in the first quarter worth about $42,000. Finally, CoreCap Advisors LLC lifted its stake in TeraWulf by 67.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

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.