TeraWulf's (WULF) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• TeraWulf's stock has been reaffirmed with a "sell (e+)" rating by Weiss Ratings, despite contrasting views from other analysts who have given "buy" ratings and set higher price targets.
• The company recently reported earnings of ($0.05) per share, missing expectations, although revenue increased by 33.9% year-over-year.
• Insider trading activity includes Director Amanda Fabiano selling shares, decreasing her holdings by over 10%, while institutional investors own nearly 62.49% of the company's stock.

TeraWulf (NASDAQ:WULF - Get Free Report)'s stock had its "sell (e+)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other research analysts also recently weighed in on WULF. B. Riley reiterated a "buy" rating on shares of TeraWulf in a research note on Wednesday. Rosenblatt Securities lifted their price target on TeraWulf from $14.50 to $20.00 and gave the company a "buy" rating in a research note on Thursday, October 16th. UBS Group set a $18.25 price target on TeraWulf in a research note on Friday. Wall Street Zen upgraded TeraWulf from a "sell" rating to a "hold" rating in a research note on Saturday, October 18th. Finally, Citigroup restated a "market outperform" rating on shares of TeraWulf in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.35.

TeraWulf Stock Performance

Shares of WULF stock traded up $0.83 during midday trading on Friday, hitting $13.71. The company had a trading volume of 27,249,169 shares, compared to its average volume of 44,460,934. The company's 50 day simple moving average is $11.12 and its 200 day simple moving average is $6.48. TeraWulf has a 52-week low of $2.06 and a 52-week high of $16.19. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -39.17 and a beta of 3.44. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced 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). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The company had revenue of $47.64 million during the quarter, compared to analysts' expectations of $46.30 million. During the same quarter last year, the business posted ($0.03) earnings per share. The company's revenue for the quarter was up 33.9% compared to the same quarter last year. Research analysts anticipate that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the sale, the director directly owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.90% of the company's stock.

Institutional Trading of TeraWulf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. grew its holdings in TeraWulf by 17,747.4% in the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock valued at $9,745,000 after buying an additional 3,549,479 shares during the period. Nuveen LLC purchased a new stake in TeraWulf in the 1st quarter valued at about $1,770,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in TeraWulf in the 1st quarter valued at about $263,000. Quantbot Technologies LP purchased a new stake in TeraWulf in the 1st quarter valued at about $3,702,000. Finally, Harbour Capital Advisors LLC purchased a new stake in TeraWulf in the 2nd quarter valued at 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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