TeraWulf Inc. (NASDAQ:WULF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.50.

Several brokerages have recently commented on WULF. Compass Point began coverage on TeraWulf in a research note on Monday, September 15th. They set a “buy” rating on the stock. Cantor Fitzgerald raised their price target on TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Wall Street Zen lowered TeraWulf from a “hold” rating to a “sell” rating in a research note on Sunday, August 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeraWulf in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities lifted their target price on TeraWulf from $12.00 to $14.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director owned 40,769 shares in the company, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On TeraWulf

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after acquiring an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after acquiring an additional 4,800 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after acquiring an additional 2,748 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of TeraWulf by 285.3% during the third quarter. Farther Finance Advisors LLC now owns 7,336 shares of the company’s stock worth $84,000 after acquiring an additional 5,432 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of TeraWulf during the second quarter worth about $41,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Up 10.4%

NASDAQ:WULF opened at $15.46 on Wednesday. TeraWulf has a twelve month low of $2.06 and a twelve month high of $16.19. The company has a market cap of $6.31 billion, a price-to-earnings ratio of -44.17 and a beta of 3.44. The stock has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $5.98. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. Analysts anticipate that TeraWulf will post -0.17 EPS for the current year.

About TeraWulf

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.