TeraWulf Inc. (NASDAQ:WULF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $22.6154.

Several equities research analysts have recently commented on WULF shares. Rosenblatt Securities restated a “buy” rating and set a $23.00 price target on shares of TeraWulf in a research note on Thursday, March 19th. Weiss Ratings restated a “sell (d-)” rating on shares of TeraWulf in a research note on Friday, March 27th. Cantor Fitzgerald upped their price target on TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Keefe, Bruyette & Woods cut their price target on TeraWulf from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 price target on shares of TeraWulf in a research note on Tuesday, February 3rd.

TeraWulf Price Performance

TeraWulf stock opened at $16.57 on Wednesday. TeraWulf has a 12 month low of $2.06 and a 12 month high of $18.51. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The business has a 50 day simple moving average of $15.34 and a 200-day simple moving average of $13.99. The stock has a market capitalization of $7.03 billion, a PE ratio of -10.17 and a beta of 3.69.

Insiders Place Their Bets

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $16.10, for a total value of $2,213,750.00. Following the completion of the transaction, the chief executive officer owned 354,200 shares in the company, valued at approximately $5,702,620. This represents a 27.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael C. Bucella acquired 3,171 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $15.78 per share, with a total value of $50,038.38. Following the transaction, the director directly owned 270,129 shares of the company’s stock, valued at $4,262,635.62. This represents a 1.19% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 13,094 shares of company stock worth $200,392 and sold 737,500 shares worth $11,897,750. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Galaxy Digital Capital Management GP LLC purchased a new position in TeraWulf in the fourth quarter worth $1,337,000. Purpose Unlimited Inc. purchased a new position in TeraWulf in the fourth quarter worth $1,129,000. Spear Advisors LLC purchased a new position in TeraWulf in the fourth quarter worth $6,625,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in TeraWulf in the fourth quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd raised its position in TeraWulf by 421.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company’s stock worth $938,000 after acquiring an additional 65,986 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Company Profile

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.