In yesterday’s Wall Street session, TeraWulf Inc (NASDAQ:WULF) shares traded at $1.10, up 0.92% from the previous session.
As of this writing, 5 analysts cover TeraWulf Inc (NASDAQ:WULF). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.25 and a low of $3.00, we find $4.00. Given the previous closing price of $1.09, this indicates a potential upside of 266.97 percent. WULF stock price is now -32.79% away from the 50-day moving average and -27.85% away from the 200-day moving average. The market capitalization of the company currently stands at $254.78M.
There are 0 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $3.65 as their price target over the next twelve months.
With the price target of $3, Stifel recently initiated with Buy rating for TeraWulf Inc (NASDAQ: WULF).
In other news, Prager Paul B., Chief Executive Officer bought 50,000 shares of the company’s stock on Aug 18. The stock was bought for $95,000 at an average price of $1.90. Upon completion of the transaction, the Chief Executive Officer now directly owns 525,000 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11, Chief Executive Officer Prager Paul B. bought 100,000 shares of the business’s stock. A total of $137,300 was incurred on buying the stock at an average price of $1.37. This leaves the insider owning 475,000 shares of the company worth $0.52 million. Insiders disposed of 43,674,679 shares of company stock worth roughly $48.04 million over the past 1 year. A total of 45.94% 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 MILLENNIUM MANAGEMENT LLC during the first quarter worth $2,104,000. AXXCESS WEALTH MANAGEMENT, LLC invested $241,000 in shares of WULF during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in TeraWulf Inc valued at approximately $151,000. HRT FINANCIAL LP acquired a new stake in WULF for approximately $148,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in WULF valued at around $105,000 in the second quarter. In total, there are 102 active investors with 13.61% ownership of the company’s stock.
Friday morning saw TeraWulf Inc (NASDAQ: WULF) opened at $1.1900. During the past 12 months, TeraWulf Inc has had a low of $0.54 and a high of $4.04. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 0.18, and a quick ratio of 0.18. The fifty day moving average price for WULF is $1.6088 and a two-hundred day moving average price translates $1.5261 for the stock.
The latest earnings results from TeraWulf Inc (NASDAQ: WULF) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.03 by -0.05. This compares to -$0.01 EPS in the same period last year. The net profit margin was -256.70% and return on equity was -75.14% for WULF. The company reported revenue of $15.46 million for the quarter, compared to $1.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1015.96 percent. For the current quarter, analysts expect WULF to generate $20.2M 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 in New York and Pennsylvania. TeraWulf Inc. was founded in 2021 and is based in Easton, Maryland.
