TeraWulf Inc. (NASDAQ:WULF) Given Average Rating of "Buy" by Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have been assigned an average rating of "Buy" from the twelve ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.67.

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities decreased their target price on TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Jones Trading initiated coverage on TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 target price for the company. JMP Securities initiated coverage on TeraWulf in a research note on Thursday. They set a "market outperform" rating and a $7.00 price target for the company. Finally, Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday.

TeraWulf Price Performance

Shares of TeraWulf stock traded down $0.16 during trading hours on Friday, hitting $3.93. 42,857,340 shares of the company's stock traded hands, compared to its average volume of 30,485,423. TeraWulf has a 12-month low of $1.96 and a 12-month high of $9.30. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -11.91 and a beta of 3.00. The company has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $4.82.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WULF. Barclays PLC boosted its stake in TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company's stock worth $1,989,000 after purchasing an additional 343,016 shares during the period. JPMorgan Chase & Co. boosted its stake in TeraWulf by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company's stock worth $516,000 after purchasing an additional 4,756 shares during the period. Lionsbridge Wealth Management LLC bought a new position in TeraWulf in the 4th quarter worth about $194,000. ARS Investment Partners LLC boosted its stake in TeraWulf by 20.0% in the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock worth $68,000 after purchasing an additional 2,000 shares during the period. Finally, XML Financial LLC bought a new stake in shares of TeraWulf during the 4th quarter valued at about $85,000. Institutional investors own 62.49% of the company's stock.

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.