TeraWulf (NASDAQ:WULF) Hits New 12-Month High - Time to Buy?

Key Points

• TeraWulf Inc. reached a new 12-month high of $15.59, following a substantial trading volume of 40,593,338 shares.
• Analysts have set new price targets for TeraWulf, with upgrades from several firms pushing the average target to $11.50, indicating a general "Moderate Buy" consensus.
• The company reported a negative EPS of ($0.05) for the last quarter, slightly missing estimates, but achieved a revenue increase of 33.9% year-over-year, totaling $47.64 million.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.59 and last traded at $15.54, with a volume of 40593338 shares trading hands. The stock had previously closed at $14.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WULF. Rosenblatt Securities upped their price objective on TeraWulf from $12.00 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Cantor Fitzgerald boosted their target price on TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Roth Capital boosted their target price on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research note on Friday, August 15th. JMP Securities lifted their price objective on TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of TeraWulf in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf currently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

TeraWulf Price Performance

The stock has a 50-day moving average price of $9.80 and a 200 day moving average price of $5.91. 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 firm has a market cap of $6.47 billion, a price-to-earnings ratio of -45.63 and a beta of 3.44.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company's quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. As a group, equities research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director owned 40,769 shares in the company, valued at $352,244.16. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WULF. Hodges Capital Management Inc. raised its stake in shares of TeraWulf by 17,747.4% during the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock worth $9,745,000 after purchasing an additional 3,549,479 shares during the last quarter. Bank of America Corp DE increased its stake in TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after buying an additional 2,617,617 shares during the period. Two Seas Capital LP increased its stake in TeraWulf by 966.9% in the 2nd quarter. Two Seas Capital LP now owns 2,287,100 shares of the company's stock valued at $10,017,000 after buying an additional 2,072,729 shares during the period. Cooper Creek Partners Management LLC acquired a new position in TeraWulf in the 2nd quarter valued at $8,949,000. Finally, Goodlander Investment Management LLC acquired a new position in TeraWulf in the 2nd quarter valued at $8,760,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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