TeraWulf Inc. (NASDAQ:WULF) Stock Has Average Price Target of $32.52 According to Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.35.

A number of research firms have weighed in on WULF. Morgan Stanley increased their price objective on TeraWulf from $62.50 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods dropped their target price on TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Freedom Capital upgraded TeraWulf to a “strong-buy” rating in a research note on Tuesday, September 8th. Compass Point set a $40.00 price target on TeraWulf in a research note on Monday, July 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of TeraWulf in a report on Friday, August 21st.

Insider Buying and Selling at TeraWulf

In other TeraWulf news, Director Walter Carter sold 130,626 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the completion of the transaction, the director owned 229,090 shares in the company, valued at approximately $3,468,422.60. This represents a 36.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Bucella bought 6,085 shares of TeraWulf stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $14.79 per share, with a total value of $89,997.15. Following the purchase, the director directly owned 350,789 shares in the company, valued at approximately $5,188,169.31. This trade represents a 1.77% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 11,968 shares of company stock valued at $189,962. 15.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after buying an additional 747 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in TeraWulf during the second quarter worth about $41,000. First United Bank & Trust purchased a new position in TeraWulf in the first quarter valued at about $37,000. Solstein Capital LLC purchased a new position in TeraWulf in the second quarter valued at about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in TeraWulf in the third quarter valued at about $45,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $11.73 on Friday. The company has a 50-day simple moving average of $14.68 and a 200-day simple moving average of $18.01. TeraWulf has a one year low of $10.35 and a one year high of $29.84. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -2.68 and a beta of 3.80.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). The company had revenue of $44.77 million for the quarter, compared to analysts’ expectations of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. On average, analysts predict that TeraWulf will post -1.04 EPS for the current year.

TeraWulf Company Profile

TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.

TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.