TeraWulf (NASDAQ:WULF) Hits New 52-Week High - Time to Buy?

Key Points

• TeraWulf's stock reached a new 52-week high of $11.04 during trading, closing at $10.71 with a volume of approximately 18 million shares.
• Analysts have set varying price targets for the stock, with Roth Capital raising it to $12.50, and Northland Securities to $15.00, while Wall Street Zen downgraded it to a "sell" rating.
• The company reported a quarterly revenue of $47.64 million, exceeding estimates, but posted a loss of ($0.05) EPS, missing the consensus of ($0.04).

TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.04 and last traded at $10.71, with a volume of 18178172 shares trading hands. The stock had previously closed at $10.30.

Analysts Set New Price Targets

A number of research analysts have recently commented on WULF shares. Roth Capital raised their price target on TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. Wall Street Zen downgraded TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Northland Securities lifted their price target on TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald boosted their price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $11.22.

TeraWulf Trading Up 4.5%

The company has a fifty day moving average of $6.67 and a 200-day moving average of $4.52. 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 capitalization of $4.39 billion, a PE ratio of -30.69 and a beta of 3.36.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The company's quarterly revenue was up 33.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at TeraWulf

In other TeraWulf 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 transaction of $39,744.00. Following the completion of the sale, the director owned 40,769 shares in the company, valued at approximately $352,244.16. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.48% of the stock is currently owned by corporate insiders.

Institutional Trading of TeraWulf

Hedge funds and other institutional investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new position in TeraWulf in the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC boosted its holdings in TeraWulf by 135.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock valued at $29,000 after acquiring an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of TeraWulf by 265.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock valued at $29,000 after acquiring an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. increased its position in TeraWulf by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock valued at $30,000 after buying an additional 2,748 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in TeraWulf during the first quarter worth about $33,000. Institutional investors and hedge funds 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.

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