TeraWulf (NASDAQ:WULF) Reaches New 12-Month Low – Here’s Why

TeraWulf Inc. (NASDAQ:WULF) shares reached a new 52-week low during trading on Thursday. The stock traded as low as $10.35 and last traded at $10.5630, with a volume of 23,338,232 shares changing hands. The stock had previously closed at $11.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WULF shares. Morgan Stanley upped their price target on TeraWulf from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. HC Wainwright reiterated a “buy” rating on shares of TeraWulf in a research report on Friday, August 21st. B. Riley Financial lifted their price objective on shares of TeraWulf from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Cantor Fitzgerald dropped their price objective on shares of TeraWulf from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Rothschild & Co Redburn started coverage on shares of TeraWulf in a research note on Monday, September 21st. They issued a “neutral” rating and a $15.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.52.

TeraWulf Stock Performance

The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $5.83 billion, a PE ratio of -2.67 and a beta of 3.80. The stock has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $19.58.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The company had revenue of $44.77 million for the quarter, compared to analyst estimates of $46.00 million. During the same quarter last year, the company posted ($0.05) EPS. TeraWulf’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that TeraWulf Inc. will post -1.00 EPS for the current fiscal year.

Insider Buying and Selling at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the transaction, the chief executive officer directly owned 3,807,552 shares of the company’s stock, valued at approximately $64,956,837.12. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter E. Carter sold 130,626 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the completion of the transaction, the director directly owned 229,090 shares of the company’s stock, valued at approximately $3,468,422.60. The trade was a 36.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 11,968 shares of company stock valued at $189,962 over the last ninety days. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC boosted its holdings in TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after purchasing an additional 747 shares during the last quarter. First United Bank & Trust purchased a new stake in TeraWulf during the 1st quarter worth approximately $37,000. Ameritas Advisory Services LLC acquired a new position in shares of TeraWulf in the 2nd quarter valued at approximately $41,000. Summit Securities Group LLC acquired a new position in shares of TeraWulf in the 1st quarter valued at approximately $48,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of TeraWulf in the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Company Profile

TeraWulf, Inc is a digital infrastructure company that develops and operates energy-intensive computing facilities in the United States. The company has primarily focused on bitcoin mining, using specialized application-specific integrated circuit (ASIC) hardware and power infrastructure to support cryptocurrency production.

TeraWulf emphasizes the use of low-carbon energy sources, including nuclear and hydropower, as part of its strategy to reduce the environmental impact of its operations.