TeraWulf Sees Unusually Large Options Volume (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) saw unusually large options trading activity on Monday. Investors acquired 84,760 call options on the stock. This represents an increase of approximately 96% compared to the average volume of 43,263 call options.

TeraWulf Trading Up 15.5%

WULF stock traded up $0.59 during mid-day trading on Thursday, reaching $4.39. 87,279,474 shares of the stock traded hands, compared to its average volume of 32,055,248. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.90 and a current ratio of 1.90. TeraWulf has a one year low of $2.06 and a one year high of $9.30. The stock has a market capitalization of $1.69 billion, a PE ratio of -13.30 and a beta of 3.09. The business has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $4.25.

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

Institutional Investors Weigh In On TeraWulf

Several large investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. grew its stake 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 worth $9,745,000 after acquiring an additional 3,549,479 shares in the last quarter. Rhumbline Advisers grew its stake in TeraWulf by 5.5% in the 1st quarter. Rhumbline Advisers now owns 366,217 shares of the company's stock worth $1,000,000 after acquiring an additional 19,216 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in TeraWulf in the 1st quarter worth about $33,000. First Dallas Securities Inc. bought a new position in TeraWulf in the 1st quarter worth about $160,000. Finally, Two Seas Capital LP bought a new position in TeraWulf in the 1st quarter worth about $585,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WULF. Rosenblatt Securities boosted their price target on shares of TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target on the stock in a research report on Thursday, May 22nd. JMP Securities started coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price target on the stock. Finally, Jones Trading started coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $7.89.

About TeraWulf

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.