Brokerages Set TeraWulf Inc. (NASDAQ:WULF) Target Price at $20.43

TeraWulf Inc. (NASDAQ:WULF) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.3077.

Several equities analysts have commented on WULF shares. Oppenheimer began coverage on TeraWulf in a report on Tuesday, October 28th. They set an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen lowered shares of TeraWulf from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $24.00 price target on shares of TeraWulf in a report on Tuesday, November 11th. Finally, Morgan Stanley initiated coverage on TeraWulf in a research report on Monday, February 9th. They issued an “overweight” rating and a $37.00 price target on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WULF. Comerica Bank grew its stake in shares of TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after acquiring an additional 12,370 shares during the last quarter. Millennium Management LLC boosted its holdings in TeraWulf by 47.8% in the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock valued at $6,705,000 after purchasing an additional 793,832 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in TeraWulf in the 2nd quarter worth $48,000. Stratos Wealth Partners LTD. acquired a new stake in TeraWulf in the 2nd quarter worth $66,000. Finally, Lionsbridge Wealth Management LLC increased its holdings in shares of TeraWulf by 261.0% during the 2nd quarter. Lionsbridge Wealth Management LLC now owns 127,038 shares of the company’s stock worth $556,000 after purchasing an additional 91,849 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $15.01 on Tuesday. The stock has a market capitalization of $6.28 billion, a P/E ratio of -10.57 and a beta of 3.69. The business has a 50-day moving average of $13.67 and a two-hundred day moving average of $12.48. TeraWulf has a fifty-two week low of $2.06 and a fifty-two week high of $17.69. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03.

About TeraWulf

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.