Brokerages Set TeraWulf Inc. (NASDAQ:WULF) Target Price at $19.15

TeraWulf Inc. (NASDAQ:WULF) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.1538.

WULF has been the subject of several research analyst reports. Citizens Jmp increased their price objective on shares of TeraWulf from $18.00 to $22.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a report on Monday, December 29th. JMP Securities set a $22.00 price objective on shares of TeraWulf in a research note on Wednesday, October 29th. Compass Point set a $17.00 target price on TeraWulf and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, B. Riley raised their target price on TeraWulf from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th.

Insider Buying and Selling

In other TeraWulf news, Director Michael C. Bucella purchased 4,178 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $12.01 per share, for a total transaction of $50,177.78. Following the acquisition, the director owned 266,958 shares in the company, valued at $3,206,165.58. This represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.90% of the stock is currently owned by corporate insiders.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently made changes to their positions in WULF. Farther Finance Advisors LLC lifted its position in TeraWulf by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 13,945 shares of the company’s stock valued at $160,000 after purchasing an additional 6,609 shares during the period. Sippican Capital Advisors lifted its holdings in shares of TeraWulf by 112.9% in the 4th quarter. Sippican Capital Advisors now owns 71,650 shares of the company’s stock valued at $823,000 after buying an additional 38,000 shares during the period. Kraematon Investment Advisors Inc. boosted its stake in shares of TeraWulf by 2.3% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock worth $488,000 after buying an additional 952 shares during the last quarter. Blue Square Asset Management LLC acquired a new stake in TeraWulf during the fourth quarter worth about $184,000. Finally, Royal Fund Management LLC purchased a new position in TeraWulf during the fourth quarter valued at approximately $215,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $14.12 on Friday. TeraWulf has a 12-month low of $2.06 and a 12-month high of $17.05. The business’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $11.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.45. The company has a market cap of $5.91 billion, a PE ratio of -9.94 and a beta of 3.69.

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

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.