TeraWulf (NASDAQ:WULF) Trading Down 4.5% - Here's Why

Key Points

• TeraWulf's stock price fell 4.5% on Monday, closing at $10.28, with trading volume down 68% compared to its average.
• The company recently received mixed ratings from analysts, with Northland Securities raising its price target to $15 while Wall Street Zen downgraded it to a "sell."
• TeraWulf reported earnings that missed consensus estimates, with a negative net margin of 91.42%, despite revenue growth of 33.9% year-over-year.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price was down 4.5% on Monday . The company traded as low as $10.32 and last traded at $10.28. Approximately 14,751,010 shares were traded during trading, a decline of 68% from the average daily volume of 45,518,672 shares. The stock had previously closed at $10.76.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WULF shares. Northland Securities raised their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Roth Capital boosted their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Rosenblatt Securities raised their target price on shares of TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, JMP Securities boosted their target price on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $11.22.

TeraWulf Stock Performance

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 company has a market cap of $4.28 billion, a PE ratio of -29.97 and a beta of 3.36. The business's fifty day moving average is $7.00 and its 200-day moving average is $4.67.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. TeraWulf's revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. As a group, research analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.90% of the company's stock.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently modified their holdings of WULF. Edmond DE Rothschild Holding S.A. purchased a new position in shares of TeraWulf during the 1st quarter valued at $29,000. Nisa Investment Advisors LLC raised its holdings in TeraWulf by 135.6% during the second 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 during the period. Steward Partners Investment Advisory LLC lifted its position in shares of TeraWulf by 265.3% in the second 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. lifted its position in shares of TeraWulf by 68.4% in the second 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 position in shares of TeraWulf in the first quarter valued at about $33,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

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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