Q2 2022 EPS Estimates for TeraWulf Inc. Cut by B. Riley (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULFGet Rating) – Stock analysts at B. Riley decreased their Q2 2022 earnings per share (EPS) estimates for shares of TeraWulf in a report released on Wednesday, May 11th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.04. B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. B. Riley also issued estimates for TeraWulf’s Q3 2022 earnings at $0.14 EPS and FY2022 earnings at $0.54 EPS.

WULF stock opened at $3.11 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. TeraWulf has a 12 month low of $2.54 and a 12 month high of $43.98. The company has a market cap of $325.33 million, a price-to-earnings ratio of -13.32 and a beta of 1.18. The firm has a 50-day moving average price of $6.28.

Institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new stake in shares of TeraWulf during the 1st quarter valued at approximately $124,000. Advisor Group Holdings Inc. grew its holdings 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 valued at $31,000 after purchasing an additional 3,560 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at approximately $304,000. Empowered Funds LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at approximately $422,000. Finally, Marshall Wace LLP bought a new stake in shares of TeraWulf during the 4th quarter valued at approximately $11,926,000. 2.80% of the stock is currently owned by institutional investors.

In other news, major shareholder Revolve Capital Llc bought 158,629 shares of the firm’s stock in a transaction on Monday, April 11th. The shares were purchased at an average cost of $7.88 per share, with a total value of $1,249,996.52. Following the acquisition, the insider now directly owns 10,981,382 shares in the company, valued at $86,533,290.16. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paul B. Prager purchased 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The shares were bought at an average cost of $6.45 per share, for a total transaction of $967,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,022,335 shares of company stock worth $7,793,926. Insiders own 14.74% of the company’s stock.

About TeraWulf (Get Rating)

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. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.

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