TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has been given an average recommendation of "Buy" by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.2222.
A number of research analysts recently weighed in on WULF shares. Cantor Fitzgerald upped their price target on TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research note on Thursday, May 22nd. Roth Capital increased their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research note on Friday, August 15th. B. Riley increased their price objective on TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Wall Street Zen downgraded TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday.
Check Out Our Latest Stock Report on WULF
Insider Activity
In other news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 24.88% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On TeraWulf
Several institutional investors have recently modified their holdings of WULF. Wells Fargo & Company MN grew its holdings in shares of TeraWulf by 73.3% in the fourth quarter. Wells Fargo & Company MN now owns 198,025 shares of the company's stock valued at $1,121,000 after acquiring an additional 83,789 shares in the last quarter. Mariner LLC bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $201,000. NewEdge Advisors LLC bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $156,000. Marshall Wace LLP bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $529,000. Finally, First Trust Advisors LP grew its holdings in shares of TeraWulf by 136.5% in the fourth quarter. First Trust Advisors LP now owns 1,389,616 shares of the company's stock valued at $7,865,000 after acquiring an additional 801,979 shares in the last quarter. 62.49% of the stock is owned by institutional investors.
TeraWulf Trading Up 3.4%
Shares of TeraWulf stock traded up $0.31 on Tuesday, hitting $9.44. 41,175,820 shares of the company's stock traded hands, compared to its average volume of 65,725,460. The company has a fifty day moving average of $5.82 and a two-hundred day moving average of $4.27. TeraWulf has a one year low of $2.06 and a one year high of $10.71. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -26.97 and a beta of 3.17.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm had revenue of $47.64 million for the quarter, compared to analyst estimates of $46.30 million. During the same period last year, the company posted ($0.03) earnings per share. The firm's quarterly revenue was up 33.9% compared to the same quarter last year. As a group, sell-side analysts expect that TeraWulf will post -0.17 earnings per share for the current year.
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.
Recommended Stories
Before you consider TeraWulf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TeraWulf wasn't on the list.
While TeraWulf currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access