Roth Capital Issues Negative Estimate for TeraWulf Earnings

TeraWulf Inc. (NASDAQ:WULF) – Research analysts at Roth Capital cut their FY2024 EPS estimates for TeraWulf in a note issued to investors on Wednesday, November 13th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.17) per share for the year, down from their prior forecast of ($0.09). The consensus estimate for TeraWulf’s current full-year earnings is ($0.10) per share. Roth Capital also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.04) EPS, Q4 2025 earnings at $0.03 EPS and FY2026 earnings at $0.16 EPS.

A number of other analysts have also issued reports on the company. Needham & Company LLC raised their price target on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. B. Riley reaffirmed a “buy” rating and set a $6.00 price target on shares of TeraWulf in a research note on Monday, October 7th. Northland Securities boosted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TeraWulf presently has an average rating of “Buy” and a consensus price target of $7.21.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $7.18 on Friday. TeraWulf has a fifty-two week low of $1.01 and a fifty-two week high of $9.30. The business’s fifty day moving average is $5.49 and its two-hundred day moving average is $4.40.

Institutional Investors Weigh In On TeraWulf

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of TeraWulf in the first quarter worth about $204,000. SG Americas Securities LLC purchased a new position in shares of TeraWulf during the 1st quarter valued at approximately $141,000. Vanguard Group Inc. grew its position in shares of TeraWulf by 17.7% during the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after buying an additional 1,764,115 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of TeraWulf in the first quarter worth $64,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after acquiring an additional 6,450 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

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.