TeraWulf (NASDAQ:WULF) Trading 7% Higher - What's Next?

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) traded up 7% on Monday . The company traded as high as $4.51 and last traded at $4.51. 20,442,368 shares changed hands during trading, a decline of 36% from the average session volume of 32,138,053 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities initiated coverage on shares of TeraWulf in a research note on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price target for the company. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research report on Thursday, May 22nd. Rosenblatt Securities upped their target price on shares of TeraWulf from $4.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Jones Trading assumed coverage on TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 price target for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $7.89.

TeraWulf Price Performance

The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -13.45 and a beta of 3.09. The business's 50 day simple moving average is $3.65 and its 200-day simple moving average is $4.17.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The business had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. The company's revenue was down 18.9% compared to the same quarter last year. Research analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On TeraWulf

A number of institutional investors and hedge funds have recently bought and sold shares of WULF. Truist Financial Corp lifted its stake in shares of 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 during the period. CoreCap Advisors LLC lifted its position in TeraWulf by 67.9% in the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after purchasing an additional 3,054 shares during the period. Xponance Inc. boosted its stake in TeraWulf by 22.7% during the 4th quarter. Xponance Inc. now owns 19,156 shares of the company's stock valued at $108,000 after purchasing an additional 3,545 shares in the last quarter. Voya Investment Management LLC boosted its stake in TeraWulf by 4.8% during the 4th quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock valued at $446,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of TeraWulf by 18.5% during the 1st quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock valued at $86,000 after purchasing an additional 4,920 shares during the period. 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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