TeraWulf Inc. (NASDAQ:WULF) Receives $5.71 Consensus Price Target from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.71.

A number of research firms have recently issued reports on WULF. Roth Mkm reissued a “buy” rating and set a $6.50 price target on shares of TeraWulf in a research report on Monday, July 8th. Rosenblatt Securities increased their price objective on shares of TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Roth Capital raised shares of TeraWulf to a “strong-buy” rating in a research note on Tuesday, July 2nd. Needham & Company LLC began coverage on TeraWulf in a research report on Wednesday, September 4th. They set a “buy” rating and a $6.00 target price on the stock. Finally, B. Riley restated a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a research note on Monday, August 26th.

TeraWulf Trading Down 7.1 %

NASDAQ:WULF opened at $3.94 on Tuesday. TeraWulf has a twelve month low of $0.89 and a twelve month high of $6.51. The stock has a fifty day simple moving average of $4.43 and a 200-day simple moving average of $3.33.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $35.57 million for the quarter, compared to the consensus estimate of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. Research analysts forecast that TeraWulf will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of TeraWulf

A number of institutional investors have recently bought and sold shares of WULF. Apollon Wealth Management LLC purchased a new stake in shares of TeraWulf during the fourth quarter valued at $27,000. Miracle Mile Advisors LLC purchased a new stake in shares of TeraWulf in the 1st quarter valued at $29,000. Partners Capital Investment Group LLP acquired a new stake in shares of TeraWulf in the fourth quarter worth $29,000. Amalgamated Bank raised its holdings in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in TeraWulf during the 4th quarter worth about $39,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.