TeraWulf Inc. (NASDAQ:WULF) Receives Average Recommendation of "Buy" from Analysts

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has earned an average recommendation of "Buy" from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.86.

WULF has been the topic of a number of recent research reports. Rosenblatt Securities lowered their target price on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Jones Trading started coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target for the company.

Institutional Trading of TeraWulf

Several institutional investors have recently bought and sold shares of WULF. Edmond DE Rothschild Holding S.A. acquired a new position in shares of TeraWulf during the 1st quarter worth approximately $29,000. Calamos Advisors LLC purchased a new stake in TeraWulf in the 1st quarter worth $33,000. Arete Wealth Advisors LLC acquired a new position in TeraWulf during the first quarter worth $33,000. Comerica Bank lifted its holdings in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares in the last quarter. Finally, Platform Technology Partners purchased a new position in TeraWulf during the first quarter valued at $39,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Price Performance

WULF stock opened at $3.89 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of -11.79 and a beta of 3.00. TeraWulf has a 12 month low of $1.91 and a 12 month high of $9.30. The firm's fifty day simple moving average is $2.92 and its 200-day simple moving average is $4.89.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The business had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business's revenue was down 18.9% compared to the same quarter last year. As a group, sell-side analysts forecast that TeraWulf will post -0.17 earnings per share for the current year.

TeraWulf Company Profile

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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