Stocks of TeraWulf Inc (NASDAQ:WULF) traded higher last session on Wall Street, up 12.41% to $1.54.
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 $4.00 and a low of $3.00, we find $3.00. Given the previous closing price of $1.37, this indicates a potential upside of 118.98 percent. WULF stock price is now 35.10% away from the 50-day moving average and -1.94% away from the 200-day moving average. The market capitalization of the company currently stands at $366.83M.
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 $3.30 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 $0.81 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 $0.73 million. Insiders disposed of 39,084,536 shares of company stock worth roughly $60.19 million over the past 1 year. A total of 40.99% of the company’s stock is owned by insiders.
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 0.82, a current ratio of 0.12, and a quick ratio of 0.12. The fifty day moving average price for WULF is $1.1398 and a two-hundred day moving average price translates $1.5705 for the stock.
The latest earnings results from TeraWulf Inc (NASDAQ: WULF) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.05 by -0.04. This compares to -$0.01 EPS in the same period last year. The net profit margin was -160.14% and return on equity was -63.33% for WULF. The company reported revenue of $18.95 million for the quarter, compared to $3.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 390.55 percent. For the current quarter, analysts expect WULF to generate $22.41M 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.
