TeraWulf Inc. (NASDAQ:WULF) Receives Average Recommendation of “Buy” from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.66.

A number of brokerages have weighed in on WULF. Rosenblatt Securities started coverage on TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $4.00 price target on shares of TeraWulf in a research note on Thursday, March 28th. B. Riley reduced their price objective on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Compass Point decreased their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Thursday, March 21st.

TeraWulf Stock Performance

TeraWulf stock opened at $2.33 on Wednesday. The company’s 50-day moving average is $2.18 and its 200-day moving average is $1.84. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $4.04.

Institutional Investors Weigh In On TeraWulf

Institutional investors have recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new stake in TeraWulf in the 4th quarter worth about $27,000. Partners Capital Investment Group LLP bought a new stake in shares of TeraWulf in the fourth quarter valued at approximately $29,000. Miracle Mile Advisors LLC acquired a new stake in TeraWulf during the first quarter worth approximately $29,000. Global Retirement Partners LLC bought a new position in TeraWulf during the 4th quarter worth $30,000. Finally, Regatta Capital Group LLC acquired a new position in TeraWulf in the 4th quarter valued at $31,000. Institutional investors own 62.49% of the company’s stock.

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.