TeraWulf (NASDAQ:WULF) Shares Up 9.9% - Should You Buy?

Key Points

• Shares jumped 9.9% to about $12.63 on Friday (trading volume down ~79% from average) while analysts collectively give a "Moderate Buy" consensus with a $19.15 average target and individual targets roughly $18–$23.
• TeraWulf missed the quarter, reporting EPS of -$1.13 versus a -$0.04 estimate and revenue of $50.6M (vs. $56.3M expected); the company has a negative net margin (-336.5%) and high debt-to-equity (4.45) despite revenue growth of 86.9% YoY.
• A director bought 4,178 shares at $12.01 and insiders own 19.9% of the stock (institutions 62.49%), and the company operates zero-carbon bitcoin mining projects such as Project Nautilus powered by hydroelectric energy.

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) traded up 9.9% on Friday . The stock traded as high as $12.45 and last traded at $12.6250. 5,448,675 shares changed hands during trading, a decline of 79% from the average session volume of 25,398,084 shares. The stock had previously closed at $11.49.

Analyst Ratings Changes

A number of equities analysts have commented on WULF shares. UBS Group set a $18.25 target price on shares of TeraWulf in a research note on Friday, October 24th. Citizens Jmp raised their price target on shares of TeraWulf from $18.00 to $22.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 29th. Northland Securities set a $23.25 price target on shares of TeraWulf in a research report on Wednesday, October 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $18.00 price objective on shares of TeraWulf in a research report on Tuesday, December 23rd. Finally, Oppenheimer started coverage on TeraWulf in a research note on Tuesday, October 28th. They set an "outperform" rating and a $20.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.15.

TeraWulf Trading Up 9.3%

The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $5.26 billion, a PE ratio of -8.81 and a beta of 3.69. The company's 50 day moving average price is $13.45 and its 200 day moving average price is $10.03.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($1.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($1.09). The business had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The company's revenue was up 86.9% on a year-over-year basis. As a group, analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at TeraWulf

In related news, Director Michael C. Bucella bought 4,178 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $12.01 per share, with a total value of $50,177.78. Following the purchase, the director directly owned 266,958 shares of the company's stock, valued at $3,206,165.58. This trade represents a 1.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 19.90% of the company's stock.

Hedge Funds Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its holdings in shares of TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after buying an additional 12,370 shares in the last quarter. OLD Mission Capital LLC lifted its position in TeraWulf by 42.5% in the first quarter. OLD Mission Capital LLC now owns 28,587 shares of the company's stock valued at $78,000 after acquiring an additional 8,529 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in TeraWulf in the first quarter valued at $2,181,000. Corigliano Investment Advisers LLC purchased a new position in shares of TeraWulf during the first quarter worth about $191,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of TeraWulf during the first quarter worth about $29,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

TeraWulf Company Profile

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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