TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Moderate Buy” by Analysts

TeraWulf Inc. (NASDAQ:WULF) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.25.

Several equities research analysts have issued reports on the company. Northland Securities set a $16.25 price target on TeraWulf in a report on Friday. Rosenblatt Securities increased their price target on TeraWulf from $14.50 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Roth Capital increased their price target on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of TeraWulf in a report on Wednesday, October 8th. Finally, Compass Point started coverage on TeraWulf in a report on Monday, September 15th. They set a “buy” rating for the company.

Insider Activity

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of TeraWulf during the first quarter worth about $29,000. Nisa Investment Advisors LLC grew its holdings in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after buying an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after buying an additional 2,748 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in TeraWulf during the first quarter valued at approximately $33,000. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Stock Up 0.5%

Shares of TeraWulf stock opened at $13.93 on Wednesday. TeraWulf has a 1 year low of $2.06 and a 1 year high of $16.19. The business has a 50-day moving average of $10.57 and a two-hundred day moving average of $6.25. The company has a market capitalization of $5.68 billion, a P/E ratio of -39.80 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) last announced 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 return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue was up 33.9% compared to the same quarter last year. As a group, equities analysts predict that TeraWulf will post -0.17 EPS for the current year.

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.