TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s share price traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as $4.09 and last traded at $4.05. 1,981,251 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 31,346,956 shares. The stock had previously closed at $4.33.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on WULF shares. Rosenblatt Securities increased their price target on TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. JMP Securities began coverage on TeraWulf in a research report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 target price for the company. Jones Trading began coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. Finally, Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $7.89.
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TeraWulf Price Performance
The company has a 50-day moving average of $3.38 and a 200 day moving average of $4.40. The company has a market cap of $1.52 billion, a PE ratio of -11.98 and a beta of 3.09.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $34.41 million for the quarter, compared to analysts' expectations of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business's revenue was down 18.9% on a year-over-year basis. Equities research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current year.
Institutional Trading of TeraWulf
Several institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake in shares of TeraWulf by 30.0% during the 4th quarter. Vontobel Holding Ltd. now owns 52,784 shares of the company's stock worth $299,000 after acquiring an additional 12,172 shares during the last quarter. Rhumbline Advisers lifted its holdings in TeraWulf by 15.0% during the 4th quarter. Rhumbline Advisers now owns 347,001 shares of the company's stock valued at $1,964,000 after buying an additional 45,322 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in TeraWulf by 11.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 50,000 shares of the company's stock valued at $283,000 after buying an additional 5,000 shares during the period. Truist Financial Corp grew its stake in TeraWulf by 5.0% in the 4th quarter. Truist Financial Corp now owns 52,500 shares of the company's stock worth $297,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in TeraWulf during the 4th quarter worth about $285,000. Institutional investors own 62.49% of the company's stock.
TeraWulf Company Profile
(
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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