TeraWulf (NASDAQ:WULF) Shares Up 9.1% - Should You Buy?

Key Points

• TeraWulf's stock price increased by 9.1%, reaching a last trade price of $14.83 after rising from a previous close of $13.59.
• Various brokerages have provided mixed ratings for TeraWulf, with a consensus average rating of "Moderate Buy" and a target price of $11.50.
• The company reported a decrease in EPS with a loss of ($0.05), missing the consensus estimate, though it saw a year-over-year revenue increase of 33.9% to $47.64 million.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price shot up 9.1% during trading on Friday . The company traded as high as $15.51 and last traded at $14.83. 17,808,460 shares were traded during trading, a decline of 60% from the average session volume of 44,566,617 shares. The stock had previously closed at $13.59.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WULF. B. Riley raised their target price on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Compass Point initiated coverage on shares of TeraWulf in a research note on Monday, September 15th. They issued a "buy" rating for the company. Rosenblatt Securities raised their target price on shares of TeraWulf from $12.00 to $14.50 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. Finally, Roth Capital raised their target price on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TeraWulf currently has an average rating of "Moderate Buy" and an average target price of $11.50.

TeraWulf Stock Up 3.8%

The company's 50 day moving average price is $9.44 and its 200 day moving average price is $5.72. 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 firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of -39.83 and a beta of 3.44.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued 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 return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. During the same period last year, the business earned ($0.03) EPS. The company's revenue for the quarter was up 33.9% on a year-over-year basis. As a group, research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Amanda Fabiano sold 4,600 shares of the firm'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 transaction, the director owned 40,769 shares of the company's stock, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hodges Capital Management Inc. raised its holdings 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. Nuveen LLC acquired a new position in shares of TeraWulf in the first quarter worth about $1,770,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of TeraWulf in the first quarter worth about $263,000. Quantbot Technologies LP acquired a new position in shares of TeraWulf in the first quarter worth about $3,702,000. Finally, Harbour Capital Advisors LLC acquired a new position in shares of TeraWulf in the second quarter worth about $470,000. Hedge funds and other institutional investors 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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