TeraWulf Inc. (NASDAQ:WULF) Receives $18.75 Average Target Price from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.1538.

Several equities analysts recently issued reports on the company. Wall Street Zen cut TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Compass Point set a $17.00 target price on shares of TeraWulf and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods raised shares of TeraWulf from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $9.50 to $24.00 in a research note on Wednesday, December 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price objective on shares of TeraWulf in a report on Tuesday, December 23rd. Finally, Northland Securities set a $23.25 price objective on shares of TeraWulf in a research note on Wednesday, October 29th.

Insider Activity at TeraWulf

In related news, Director Michael C. Bucella acquired 4,178 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $12.01 per share, with a total value of $50,177.78. Following the completion of the purchase, the director directly owned 266,958 shares in the company, valued at approximately $3,206,165.58. This trade represents a 1.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TeraWulf

Several institutional investors have recently modified their holdings of WULF. Edmond DE Rothschild Holding S.A. bought a new stake in shares of TeraWulf in the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC grew its holdings in TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after purchasing an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC increased its stake in TeraWulf by 265.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after purchasing an additional 4,800 shares in the last quarter. Advisory Services Network LLC bought a new stake in TeraWulf in the third quarter valued at approximately $29,000. Finally, Advisors Asset Management Inc. raised its holdings in TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after purchasing an additional 2,748 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Price Performance

WULF opened at $12.74 on Monday. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $5.33 billion, a P/E ratio of -8.97 and a beta of 3.69. The company’s 50 day simple moving average is $13.44 and its 200-day simple moving average is $10.17. TeraWulf has a one year low of $2.06 and a one year high of $17.05.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Monday, November 10th. The company reported ($1.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.09). The firm had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The firm’s revenue for the quarter was up 86.9% on a year-over-year basis. Sell-side analysts anticipate that TeraWulf will post -0.17 earnings per share for the current fiscal year.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.