Shares of TeraWulf Inc. (NASDAQ:WULF – Get Free Report) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.45.
Several equities analysts have recently issued reports on WULF shares. Cantor Fitzgerald cut their price objective on shares of TeraWulf from $4.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday, November 14th. Stifel Nicolaus started coverage on shares of TeraWulf in a report on Wednesday, October 18th. They set a “buy” rating and a $3.00 price objective on the stock. Finally, Stifel Canada restated a “speculative buy” rating on shares of TeraWulf in a report on Tuesday, October 17th.
TeraWulf Stock Up 11.2 %
Shares of TeraWulf stock opened at $1.69 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $1.82. TeraWulf has a one year low of $0.54 and a one year high of $4.04.
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings results on Monday, November 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). TeraWulf had a negative return on equity of 67.73% and a negative net margin of 158.25%. The business had revenue of $18.96 million for the quarter, compared to analysts’ expectations of $20.39 million. On average, equities research analysts forecast that TeraWulf will post -0.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TeraWulf
Several hedge funds and other institutional investors have recently bought and sold shares of WULF. Advisor Group Holdings Inc. grew its stake in shares of TeraWulf by 2,542.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company’s stock worth $31,000 after purchasing an additional 3,560 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of TeraWulf during the 1st quarter worth approximately $524,000. Bank of New York Mellon Corp acquired a new stake in shares of TeraWulf during the 1st quarter worth approximately $86,000. HighTower Advisors LLC grew its stake in shares of TeraWulf by 7.0% during the 1st quarter. HighTower Advisors LLC now owns 73,905 shares of the company’s stock worth $621,000 after purchasing an additional 4,867 shares during the period. Finally, Citigroup Inc. acquired a new stake in shares of TeraWulf during the 1st quarter worth approximately $985,000. Institutional investors and hedge funds own 13.12% 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. It develops, owns, and operates bitcoin mining facility sites in New York and Pennsylvania. TeraWulf Inc was founded in 2021 and is based in Easton, Maryland.