A secret that hides TeraWulf Inc’s strength (NASDAQ:WULF)

Stocks of TeraWulf Inc (NASDAQ:WULF) traded higher last session on Wall Street, up 1.77% to $1.15.

According to the data, TeraWulf Inc (NASDAQ:WULF) has 5 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 $4.25 and a low of $3.00, we find $4.00. Given the previous closing price of $1.13, this indicates a potential upside of 253.98 percent. WULF stock price is now -19.50% away from the 50-day moving average and -25.42% away from the 200-day moving average. The market capitalization of the company currently stands at $266.36M.

A total of 0 analysts have issued a hold rating and 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 $0.6 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 $0.55 million. Insiders disposed of 43,674,679 shares of company stock worth roughly $50.23 million over the past 1 year. A total of 45.18% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $1.1100 for TeraWulf Inc (NASDAQ: WULF). 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 $1.4142 and a two-hundred day moving average price translates $1.5437 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.

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