TeraWulf (NASDAQ:WULF) Stock Rating Upgraded by Atb Cap Markets

TeraWulf (NASDAQ:WULF) was upgraded by Atb Cap Markets to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. B. Riley boosted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC boosted their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Performance

Shares of WULF traded down $0.34 during trading hours on Friday, reaching $6.16. 13,846,580 shares of the company’s stock traded hands, compared to its average volume of 30,257,508. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The firm’s 50 day simple moving average is $6.98 and its 200-day simple moving average is $5.47.

Institutional Trading of TeraWulf

Several institutional investors have recently made changes to their positions in the business. Aspect Partners LLC bought a new position in TeraWulf in the 3rd quarter worth approximately $26,000. Amalgamated Bank lifted its stake in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares in the last quarter. FMR LLC boosted its holdings in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV bought a new stake in shares of TeraWulf in the third quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of TeraWulf in the second quarter worth about $44,000. Hedge funds and other institutional investors 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.