B. Riley Estimates TeraWulf’s FY2024 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) – Equities researchers at B. Riley dropped their FY2024 earnings estimates for TeraWulf in a note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of ($0.16) for the year, down from their prior estimate of ($0.14). B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.16) per share. B. Riley also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

A number of other equities analysts have also weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They set a “market perform” rating on the stock. Finally, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.64.

TeraWulf Stock Up 0.8 %

Shares of TeraWulf stock opened at $4.89 on Friday. The firm’s fifty day simple moving average is $5.99 and its 200-day simple moving average is $5.53. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of TeraWulf by 21.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock worth $30,387,000 after buying an additional 955,795 shares during the last quarter. First Trust Advisors LP raised its stake in TeraWulf by 136.5% in the 4th quarter. First Trust Advisors LP now owns 1,389,616 shares of the company’s stock valued at $7,865,000 after purchasing an additional 801,979 shares during the last quarter. Forum Financial Management LP acquired a new position in TeraWulf in the 4th quarter valued at about $68,000. 1492 Capital Management LLC acquired a new position in TeraWulf in the 4th quarter valued at about $482,000. Finally, Marshall Wace LLP acquired a new position in TeraWulf in the 4th quarter valued at about $529,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.