TeraWulf’s (WULF) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of TeraWulf (NASDAQ:WULF) in a report released on Wednesday morning,Weiss Ratings reports.

Several other equities analysts have also weighed in on WULF. Cantor Fitzgerald lifted their target price on shares of TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Northland Securities lifted their target price on shares of TeraWulf from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Wall Street Zen lowered shares of TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, August 24th. B. Riley boosted their price target on shares of TeraWulf from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Compass Point started coverage on shares of TeraWulf in a report on Monday, September 15th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and an average price target of $11.50.

TeraWulf Price Performance

NASDAQ:WULF opened at $13.51 on Wednesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -38.60 and a beta of 3.44. The company has a 50 day moving average price of $9.61 and a 200-day moving average price of $5.79. TeraWulf has a 1-year low of $2.06 and a 1-year high of $15.51.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. TeraWulf’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. Equities research analysts forecast that TeraWulf will post -0.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director owned 40,769 shares of the company’s stock, valued at approximately $352,244.16. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after buying an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after buying an additional 2,748 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of TeraWulf during the second quarter worth $41,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of TeraWulf during the first quarter worth $29,000. Hedge funds and other 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.