TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 100,553,467 shares changed hands during trading, an increase of 135% from the previous session's volume of 42,868,504 shares.The stock last traded at $7.46 and had previously closed at $5.46.
Analyst Upgrades and Downgrades
WULF has been the subject of several recent research reports. Rosenblatt Securities raised their target price on shares of TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JMP Securities assumed coverage on shares of TeraWulf in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price objective for the company. Finally, Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, TeraWulf currently has an average rating of "Buy" and a consensus price target of $8.06.
Read Our Latest Stock Report on WULF
TeraWulf Trading Up 43.0%
The company's 50-day moving average price is $4.73 and its 200-day moving average price is $3.95. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -22.05 and a beta of 3.17. The company has a quick ratio of 1.90, a current ratio of 0.66 and a debt-to-equity ratio of 2.96.
TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. During the same quarter last year, the business earned ($0.03) EPS. The firm's revenue for the quarter was up 33.9% compared to the same quarter last year. Equities analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.
Institutional Trading of TeraWulf
Several institutional investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. purchased a new stake in TeraWulf during the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC grew its stake in TeraWulf by 135.6% during the 2nd 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 in the last quarter. Steward Partners Investment Advisory LLC grew its stake in TeraWulf by 265.3% during 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. grew its stake in TeraWulf by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock valued at $30,000 after acquiring an additional 2,748 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in TeraWulf during the 1st quarter valued at about $33,000. Institutional investors and hedge funds 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.
Further Reading
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