TeraWulf Inc. (NASDAQ:WULF - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $11.79 and last traded at $11.60, with a volume of 30319569 shares trading hands. The stock had previously closed at $10.83.
Analyst Ratings Changes
A number of equities research analysts have weighed in 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 research report on Friday, August 15th. B. Riley lifted their price objective on TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, August 18th. JMP Securities lifted their price objective on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a report on Friday, August 15th. Northland Securities lifted their price objective on TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Finally, Compass Point started coverage on TeraWulf in a report on Monday, September 15th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $11.22.
Get Our Latest Analysis on WULF
TeraWulf Stock Performance
The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The stock has a market cap of $4.73 billion, a PE ratio of -33.14 and a beta of 3.36. The company has a fifty day moving average price of $8.34 and a 200 day moving average price of $5.27.
TeraWulf (NASDAQ:WULF - Get Free Report) last announced 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). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The firm's revenue for the quarter was up 33.9% on a year-over-year basis. Analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.
Insider Transactions at TeraWulf
In related news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director owned 40,769 shares in the company, valued at $352,244.16. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of WULF. Hodges Capital Management Inc. lifted its stake in shares of TeraWulf by 17,747.4% in the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock valued at $9,745,000 after purchasing an additional 3,549,479 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 2,617,617 shares during the period. Two Seas Capital LP lifted its stake in shares of 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 purchasing an additional 2,072,729 shares during the period. Cooper Creek Partners Management LLC purchased a new position in shares of TeraWulf in the 2nd quarter valued at approximately $8,949,000. Finally, Goodlander Investment Management LLC purchased a new position in shares of TeraWulf in the 2nd quarter valued at approximately $8,760,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
About TeraWulf
(
Get Free Report)
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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