TeraWulf Inc. (NASDAQ:WULF) Receives $7.67 Average Price Target from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have earned a consensus rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.89.

WULF has been the topic of a number of research analyst reports. JMP Securities began coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 price objective on the stock. Jones Trading assumed coverage on shares of TeraWulf in a research note on Monday, March 31st. They set a “buy” rating and a $4.00 target price for the company. Citizens Jmp raised shares of TeraWulf to a “strong-buy” rating and set a $7.00 price target on the stock in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities increased their price objective on TeraWulf from $4.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday.

TeraWulf Trading Down 5.6%

Shares of NASDAQ WULF opened at $4.02 on Thursday. TeraWulf has a 12-month low of $2.06 and a 12-month high of $9.30. The company has a market cap of $1.55 billion, a PE ratio of -12.18 and a beta of 3.09. The stock has a 50 day simple moving average of $3.34 and a 200-day simple moving average of $4.44.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. TeraWulf’s revenue for the quarter was down 18.9% compared to the same quarter last year. Sell-side analysts forecast that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of TeraWulf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WULF. Hodges Capital Management Inc. grew its holdings in shares of TeraWulf by 17,747.4% during the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock valued at $9,745,000 after buying an additional 3,549,479 shares during the last quarter. Rhumbline Advisers raised its position in shares of TeraWulf by 5.5% in the first quarter. Rhumbline Advisers now owns 366,217 shares of the company’s stock valued at $1,000,000 after purchasing an additional 19,216 shares during the period. Arete Wealth Advisors LLC purchased a new stake in TeraWulf during the 1st quarter worth about $33,000. First Dallas Securities Inc. bought a new stake in TeraWulf during the 1st quarter worth approximately $160,000. Finally, Two Seas Capital LP purchased a new stake in shares of TeraWulf in the first quarter worth $585,000. Institutional investors and hedge funds own 62.49% 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. 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.