Analysts Set TeraWulf Inc. (NASDAQ:WULF) PT at $20.43

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.3077.

WULF has been the subject of a number of research analyst reports. UBS Group set a $18.25 target price on TeraWulf in a report on Friday, October 24th. Keefe, Bruyette & Woods raised TeraWulf from a “market perform” rating to an “outperform” rating and upped their price target for the company from $9.50 to $24.00 in a research report on Wednesday, December 31st. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Compass Point set a $17.00 target price on TeraWulf and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Citizens Jmp set a $22.00 price target on shares of TeraWulf in a research report on Wednesday, October 29th.

TeraWulf Trading Up 0.6%

Shares of TeraWulf stock opened at $15.47 on Tuesday. The business has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $12.35. TeraWulf has a fifty-two week low of $2.06 and a fifty-two week high of $17.69. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -10.89 and a beta of 3.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently modified their holdings of WULF. Kraematon Investment Advisors Inc. grew its stake in TeraWulf by 2.3% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock valued at $488,000 after purchasing an additional 952 shares in the last quarter. R Squared Ltd grew its stake in shares of TeraWulf by 5.0% in the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after buying an additional 1,056 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of TeraWulf by 12.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company’s stock valued at $129,000 after buying an additional 1,250 shares in the last quarter. Franklin Resources Inc. increased its holdings in TeraWulf by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after buying an additional 1,259 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in TeraWulf by 10.7% during the third quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock valued at $152,000 after acquiring an additional 1,293 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.