TeraWulf (NASDAQ:WULF) Shares Gap Up to $2.05

TeraWulf Inc. (NASDAQ:WULFGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $2.05, but opened at $2.15. TeraWulf shares last traded at $2.31, with a volume of 7,559,057 shares traded.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $4.00 price target on shares of TeraWulf in a research note on Thursday, March 28th. B. Riley decreased their price target on TeraWulf from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Rosenblatt Securities assumed coverage on TeraWulf in a research note on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target on the stock. Finally, Compass Point decreased their target price on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, TeraWulf presently has an average rating of “Buy” and a consensus price target of $3.66.

Get Our Latest Research Report on TeraWulf

TeraWulf Stock Up 11.2 %

The stock has a fifty day moving average of $2.25 and a 200-day moving average of $2.01.

TeraWulf (NASDAQ:WULFGet Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The business had revenue of $42.43 million for the quarter, compared to analysts’ expectations of $41.86 million. TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. As a group, research analysts anticipate that TeraWulf Inc. will post -0.09 EPS for the current year.

Institutional Trading of TeraWulf

Institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC purchased a new stake in TeraWulf during the 4th quarter worth about $27,000. Partners Capital Investment Group LLP purchased a new stake in TeraWulf during the 4th quarter worth about $29,000. Miracle Mile Advisors LLC purchased a new stake in TeraWulf during the 1st quarter worth about $29,000. Global Retirement Partners LLC purchased a new stake in TeraWulf during the 4th quarter worth about $30,000. Finally, Regatta Capital Group LLC purchased a new stake in TeraWulf during the 4th quarter worth about $31,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Company Profile

(Get Free Report)

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.

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