Stocks of TeraWulf Inc. (NASDAQ:WULF) traded higher last session on Wall Street, up 5.00% to $0.64.
According to the data, TeraWulf Inc. (NASDAQ:WULF) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.60 and a low of $1.60, we find $1.60. Given the previous closing price of $0.61, this indicates a potential upside of 162.3 percent. WULF stock price is now -13.80% away from the 50-day moving average and -45.87% away from the 200-day moving average. The market capitalization of the company currently stands at $99.77M.
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A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.60 as their price target over the next twelve months.
With the price target of $24, B. Riley Securities recently initiated with Buy rating for TeraWulf Inc. (NASDAQ: WULF).
In other news, Prager Paul B., Chief Executive Officer bought 317,259 shares of the company’s stock on Apr 11. The stock was bought for $2,500,001 at an average price of $7.88. Upon completion of the transaction, the Chief Executive Officer now directly owns 654,706 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11, 10% Owner Revolve Capital LLC bought 158,629 shares of the business’s stock. A total of $1,249,997 was incurred on buying the stock at an average price of $7.88. This leaves the insider owning 10,981,382 shares of the company worth $7.03 million. Insiders disposed of 28,761,381 shares of company stock worth roughly $18.41 million over the past 1 year. A total of 11.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WULF stock. A new stake in TeraWulf Inc. shares was purchased by PALOMA PARTNERS MANAGEMENT CO during the first quarter worth $1,310,000. PLATFORM TECHNOLOGY PARTNERS invested $77,000 in shares of WULF during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in TeraWulf Inc. valued at approximately $22,000. HARVEST PORTFOLIOS GROUP INC. acquired a new stake in WULF for approximately $16,000. BELVEDERE TRADING LLC purchased a new stake in WULF valued at around $13,000 in the second quarter. In total, there are 91 active investors with 6.60% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $0.6571 for TeraWulf Inc. (NASDAQ: WULF). During the past 12 months, TeraWulf Inc. has had a low of $0.54 and a high of $9.80. The fifty day moving average price for WULF is $0.7384 and a two-hundred day moving average price translates $1.1667 for the stock.
The latest earnings results from TeraWulf Inc. (NASDAQ: WULF) was released for Sep, 2022. For the current quarter, analysts expect WULF to generate $92.7M in revenue.
TeraWulf Inc.(WULF) 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. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.
