FY2024 EPS Estimates for TeraWulf Cut by Northland Capmk

TeraWulf Inc. (NASDAQ:WULF) – Equities researchers at Northland Capmk dropped their FY2024 EPS estimates for shares of TeraWulf in a research note issued on Wednesday, November 13th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of ($0.17) for the year, down from their prior estimate of ($0.14). The consensus estimate for TeraWulf’s current full-year earnings is ($0.14) per share. Northland Capmk also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

Several other equities analysts have also recently weighed in on WULF. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a research report on Monday, October 7th. Needham & Company LLC increased their price objective on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities boosted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Rosenblatt Securities restated a “buy” rating and issued a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Finally, Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf presently has a consensus rating of “Buy” and an average price target of $7.21.

TeraWulf Price Performance

TeraWulf stock opened at $7.18 on Monday. The firm has a fifty day moving average price of $5.49 and a two-hundred day moving average price of $4.41. TeraWulf has a fifty-two week low of $1.01 and a fifty-two week high of $9.30.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently made changes to their positions in WULF. Vanguard Group Inc. increased its stake in TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after acquiring an additional 1,764,115 shares during the period. SG Americas Securities LLC grew its stake in shares of TeraWulf by 260.8% in the 2nd quarter. SG Americas Securities LLC now owns 193,304 shares of the company’s stock valued at $860,000 after purchasing an additional 139,722 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of TeraWulf by 97.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock worth $3,757,000 after buying an additional 417,369 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of TeraWulf during the 2nd quarter worth approximately $1,095,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in TeraWulf by 43.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock valued at $3,073,000 after buying an additional 199,345 shares in the last quarter. Institutional investors and hedge funds 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.