TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Rating of “Moderate Buy” from Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.4167.

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a research note on Tuesday, November 11th. Roth Capital increased their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. Citigroup reaffirmed a “market outperform” rating on shares of TeraWulf in a research report on Tuesday, November 11th. 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. Finally, Cantor Fitzgerald increased their price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th.

Institutional Trading of TeraWulf

A number of institutional investors and hedge funds have recently made changes to their positions in WULF. Advisory Services Network LLC bought a new stake in shares of TeraWulf during the 3rd quarter worth about $29,000. GPS Wealth Strategies Group LLC lifted its holdings in TeraWulf by 366.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock worth $41,000 after purchasing an additional 2,820 shares during the last quarter. Financial Consulate Inc. bought a new stake in TeraWulf during the third quarter worth approximately $57,000. PNC Financial Services Group Inc. grew its holdings in TeraWulf by 116.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock valued at $61,000 after purchasing an additional 2,874 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of TeraWulf by 135.6% in 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. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Up 1.5%

TeraWulf stock opened at $14.43 on Thursday. TeraWulf has a twelve month low of $2.06 and a twelve month high of $17.05. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $6.04 billion, a PE ratio of -10.16 and a beta of 3.83. The firm’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $8.74.

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

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.