TeraWulf Inc. (NASDAQ:WULF) Receives Average Recommendation of “Moderate Buy” from Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $28.9464.

WULF has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research report on Friday, April 17th. Northland Securities set a $30.00 target price on shares of TeraWulf in a research report on Monday, May 4th. Oppenheimer restated an “outperform” rating and issued a $35.00 target price on shares of TeraWulf in a research report on Wednesday, May 27th. Arete Research initiated coverage on shares of TeraWulf in a research note on Monday, March 23rd. They issued a “buy” rating and a $30.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of TeraWulf to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th.

Insider Transactions at TeraWulf

In other news, CFO Patrick Fleury sold 26,414 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total value of $426,321.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul B. Prager sold 166,650 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the sale, the chief executive officer directly owned 4,249,202 shares of the company’s stock, valued at approximately $103,808,004.86. This represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders purchased 13,094 shares of company stock valued at $200,392 and sold 1,120,850 shares valued at $20,462,114. Company insiders own 15.90% of the company’s stock.

Institutional Trading of TeraWulf

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in TeraWulf during the third quarter valued at approximately $29,000. Vermillion Wealth Management Inc. lifted its stake in TeraWulf by 1,191.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after purchasing an additional 2,394 shares during the last quarter. Solstein Capital LLC acquired a new stake in TeraWulf during the fourth quarter valued at approximately $34,000. Comerica Bank lifted its stake in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in TeraWulf during the first quarter valued at approximately $37,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Price Performance

NASDAQ WULF opened at $25.66 on Thursday. TeraWulf has a 52 week low of $3.39 and a 52 week high of $27.26. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of -10.35 and a beta of 3.82. The company has a 50-day moving average price of $20.30 and a two-hundred day moving average price of $16.27.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The firm had revenue of $34.01 million during the quarter, compared to the consensus estimate of $34.69 million. During the same quarter last year, the company posted ($0.16) EPS. TeraWulf’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast that TeraWulf will post -0.96 EPS for the current year.

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.