TeraWulf (NASDAQ:WULF – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09), Zacks reports. The company had revenue of $34.41 million for the quarter, compared to analysts’ expectations of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf’s revenue for the quarter was down 18.9% on a year-over-year basis.
TeraWulf Trading Down 8.8 %
Shares of NASDAQ WULF opened at $3.01 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -9.12 and a beta of 3.00. The stock’s 50-day moving average is $2.89 and its 200 day moving average is $4.99. TeraWulf has a 1-year low of $1.91 and a 1-year high of $9.30.
Analyst Ratings Changes
WULF has been the topic of a number of recent analyst reports. Rosenblatt Securities lowered their price target on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Jones Trading assumed coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a “buy” rating and a $4.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $9.50 price target on shares of TeraWulf in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $7.86.
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.
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