TeraWulf Inc. (NASDAQ:WULF - Get Free Report)'s stock price fell 5.2% during trading on Monday . The stock traded as low as $3.52 and last traded at $3.55. 12,132,302 shares were traded during trading, a decline of 62% from the average session volume of 31,568,007 shares. The stock had previously closed at $3.74.
Analysts Set New Price Targets
Several research firms recently commented on WULF. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 price target on the stock 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. JMP Securities started coverage on shares of TeraWulf in a research note on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price target on the stock. Finally, Jones Trading initiated coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective on the stock. One investment 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 company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $7.89.
Get Our Latest Stock Analysis on TeraWulf
TeraWulf Stock 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 company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -13.30 and a beta of 3.09. The company's fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $4.25.
TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data 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). TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The firm had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. The company's revenue was down 18.9% on a year-over-year basis. Equities research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.
Institutional Trading of TeraWulf
A number of hedge funds and other institutional investors have recently modified their holdings of WULF. Vanguard Group Inc. lifted its holdings in TeraWulf by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after acquiring an additional 534,315 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of TeraWulf by 3.4% in the 4th quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock worth $72,070,000 after purchasing an additional 412,877 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock worth $43,232,000 after purchasing an additional 453,429 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TeraWulf by 21.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock valued at $30,387,000 after acquiring an additional 955,795 shares during the last quarter. Finally, Senator Investment Group LP purchased a new stake in shares of TeraWulf during the fourth quarter valued at $24,371,000. Institutional investors own 62.49% of the company's stock.
TeraWulf Company Profile
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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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