TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Moderate Buy” by Analysts

TeraWulf Inc. (NASDAQ:WULF) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.1538.

Several research firms recently commented on WULF. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of TeraWulf in a research report on Tuesday, December 23rd. Keefe, Bruyette & Woods upgraded TeraWulf from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $9.50 to $24.00 in a research report on Wednesday. B. Riley increased their price target on TeraWulf from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Compass Point set a $17.00 price objective on TeraWulf and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, UBS Group set a $18.25 price objective on TeraWulf in a report on Friday, October 24th.

Insiders Place Their Bets

In other TeraWulf news, Director Michael C. Bucella acquired 4,178 shares of TeraWulf stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $12.01 per share, for a total transaction of $50,177.78. Following the transaction, the director owned 266,958 shares in the company, valued at approximately $3,206,165.58. This trade represents a 1.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.90% of the company’s stock.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently added to or reduced their stakes in WULF. First Dallas Securities Inc. raised its position in TeraWulf by 126.5% during the second quarter. First Dallas Securities Inc. now owns 132,500 shares of the company’s stock valued at $580,000 after buying an additional 74,000 shares during the period. Hodges Capital Management Inc. grew its stake in TeraWulf by 17,747.4% during the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock valued at $9,745,000 after acquiring an additional 3,549,479 shares in the last quarter. Thames Capital Management LLC purchased a new position in TeraWulf during the 2nd quarter valued at about $4,970,000. Nuveen LLC acquired a new position in shares of TeraWulf in the 1st quarter valued at about $1,770,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of TeraWulf in the second quarter worth approximately $470,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $12.74 on Monday. The company has a market cap of $5.33 billion, a PE ratio of -8.97 and a beta of 3.69. TeraWulf has a fifty-two week low of $2.06 and a fifty-two week high of $17.05. The firm has a 50-day simple moving average of $13.44 and a 200 day simple moving average of $10.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.09). The company had revenue of $50.58 million during the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The business’s quarterly revenue was up 86.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TeraWulf will post -0.17 EPS for the current 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.