Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $25.3077.
A number of equities research analysts have issued reports on WULF shares. Keefe, Bruyette & Woods decreased their target price on TeraWulf from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, March 11th. Roth Mkm reiterated a "buy" rating and issued a $32.00 target price on shares of TeraWulf in a research note on Friday, April 17th. Morgan Stanley reiterated an "overweight" rating and issued a $41.50 target price on shares of TeraWulf in a report on Monday, April 27th. Arete Research began coverage on shares of TeraWulf in a report on Monday, March 23rd. They set a "buy" rating and a $30.00 price target for the company. Finally, Oppenheimer raised their price target on TeraWulf from $20.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, April 20th.
Check Out Our Latest Stock Report on WULF
Insider Activity at TeraWulf
In other TeraWulf news, CFO Patrick Fleury sold 26,414 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total value of $426,321.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Paul B. Prager sold 79,200 shares of TeraWulf stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $20.62, for a total value of $1,633,104.00. Following the completion of the transaction, the chief executive officer directly owned 884,320 shares in the company, valued at approximately $18,234,678.40. This represents a 8.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 13,094 shares of company stock worth $200,392 and sold 954,200 shares worth $16,390,854. 19.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On TeraWulf
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thames Capital Management LLC increased its holdings in shares of TeraWulf by 27.7% during the 3rd quarter. Thames Capital Management LLC now owns 1,449,091 shares of the company's stock worth $16,549,000 after purchasing an additional 314,402 shares during the period. First Dallas Securities Inc. lifted its stake in shares of TeraWulf by 99.2% in the third quarter. First Dallas Securities Inc. now owns 264,000 shares of the company's stock valued at $3,015,000 after buying an additional 131,500 shares during the period. Quantbot Technologies LP bought a new stake in shares of TeraWulf in the third quarter valued at about $3,350,000. GSA Capital Partners LLP acquired a new stake in TeraWulf during the third quarter worth about $885,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in TeraWulf during the third quarter worth about $1,138,000. Institutional investors own 62.49% of the company's stock.
TeraWulf Stock Performance
Shares of NASDAQ WULF opened at $21.31 on Friday. The business's 50-day simple moving average is $17.04 and its 200-day simple moving average is $14.94. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. TeraWulf has a 52 week low of $2.89 and a 52 week high of $22.63. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of -13.07 and a beta of 3.84.
About TeraWulf
(
Get Free Report)
TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.
One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.
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