Weiss Ratings Reaffirms "Sell (E+)" Rating for TeraWulf (NASDAQ:WULF)

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for TeraWulf (NASDAQ:WULF), indicating a negative outlook on the stock's performance.
• Recent analysts' ratings show a mixed sentiment, with two assigning a Strong Buy rating and several others issuing Buy and Hold ratings, demonstrating varied confidence among analysts.
• TeraWulf's stock has recently traded at $12.53, with a twelve-month range between $2.06 and $12.69, reflecting significant volatility in its market performance.

TeraWulf (NASDAQ:WULF - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on WULF. Compass Point began coverage on TeraWulf in a report on Monday, September 15th. They set a "buy" rating for the company. Northland Securities boosted their price objective on TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Wall Street Zen downgraded TeraWulf from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Roth Capital boosted their price objective on TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Rosenblatt Securities upped their price target on TeraWulf from $12.00 to $14.50 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

TeraWulf Trading Up 3.5%

WULF traded up $0.43 during trading on Wednesday, hitting $12.53. The company's stock had a trading volume of 18,739,302 shares, compared to its average volume of 44,667,273. TeraWulf has a twelve month low of $2.06 and a twelve month high of $12.69. 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 stock's fifty day moving average price is $9.12 and its 200-day moving average price is $5.61. The firm has a market capitalization of $5.11 billion, a P/E ratio of -35.98 and a beta of 3.44.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) 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 business had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. During the same period last year, the firm posted ($0.03) earnings per share. TeraWulf's quarterly revenue was up 33.9% compared to the same quarter last year. Analysts anticipate that TeraWulf will post -0.17 EPS for the current year.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the transaction, the director owned 40,769 shares in the company, valued at $352,244.16. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in TeraWulf during the 1st quarter worth about $29,000. Nisa Investment Advisors LLC lifted its holdings in TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock worth $29,000 after purchasing an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock worth $29,000 after purchasing an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of TeraWulf by 68.4% in the 2nd 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 stake in shares of TeraWulf in the 1st quarter valued at about $33,000. 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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