TeraWulf Inc. (NASDAQ:WULF) Stock Has Consensus Price Target of $33.33

Shares of TeraWulf Inc. (NASDAQ:WULF) have been given a consensus recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.33.

Several equities research analysts have weighed in on the company. William Blair began coverage on TeraWulf in a research note on Friday, August 28th. They set an “outperform” rating on the stock. Needham & Company LLC raised their price objective on TeraWulf from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Rothschild & Co Redburn began coverage on TeraWulf in a report on Monday, September 21st. They issued a “neutral” rating and a $15.00 target price for the company. Compass Point set a $40.00 price target on TeraWulf in a report on Monday, July 6th. Finally, B. Riley Financial raised their price target on TeraWulf from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd.

TeraWulf News Roundup

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Power capacity at the Muskie data campus will double to 1 gigawatt. TeraWulf and Kentucky Power amended their agreement to advance a second 500-megawatt phase, with the expanded capacity expected to be available by 2029. The larger contracted power footprint improves TeraWulf’s ability to host large AI/HPC customers and supports long-term growth. TeraWulf Doubles Kentucky Data Center Power to 1 GW
• Positive Sentiment: Management cited strong customer interest in the expanded campus. Demand for AI data-center capacity could help TeraWulf secure additional tenants and eventually monetize the additional power allocation, although the announcements did not identify specific customers or provide a detailed revenue forecast. TeraWulf says customer interest is tremendous as Kentucky campus power doubles
• Neutral Sentiment: The agreement includes up to $100 million in customer bill credits and other community benefits. These provisions may ease regulatory and local opposition to the project, but they could also reduce the near-term economic benefit of the arrangement. Kentucky Power, TeraWulf Finalize Expanded Agreement
• Negative Sentiment: The principal benefits are long dated. The second 500-MW phase is scheduled for 2029, leaving investors exposed to construction, financing, customer-contracting and power-demand risks before the capacity generates material returns. The stock’s earlier decline despite the expansion indicates some investors may view the announcement as insufficiently near term. TeraWulf Slides Despite Doubling Muskie Power Contract

Insider Buying and Selling at TeraWulf

In other news, Director Walter Carter sold 130,626 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the sale, the director owned 229,090 shares of the company’s stock, valued at approximately $3,468,422.60. This represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Paul Prager sold 137,500 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the completion of the sale, the chief executive officer owned 3,807,552 shares of the company’s stock, valued at $64,956,837.12. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought 11,968 shares of company stock worth $189,962 over the last quarter. Insiders own 15.90% of the company’s stock.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its stake in shares of TeraWulf by 1,795.4% during the third quarter. Rosenberg Matthew Hamilton now owns 5,383 shares of the company’s stock valued at $80,000 after buying an additional 5,099 shares during the last quarter. Polaris Financial Partners bought a new stake in shares of TeraWulf during the 3rd quarter worth approximately $128,000. CX Institutional bought a new stake in shares of TeraWulf during the 3rd quarter worth approximately $153,000. BlueCrest Capital Management Ltd purchased a new position in TeraWulf during the 2nd quarter valued at $11,945,000. Finally, WINTON GROUP Ltd purchased a new position in TeraWulf during the 2nd quarter valued at $5,550,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Performance

Shares of NASDAQ:WULF opened at $14.97 on Wednesday. The firm has a fifty day simple moving average of $16.28 and a two-hundred day simple moving average of $19.76. TeraWulf has a 52 week low of $10.47 and a 52 week high of $29.84. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock has a market capitalization of $7.47 billion, a P/E ratio of -3.43 and a beta of 3.80.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business had revenue of $44.77 million for the quarter, compared to analysts’ expectations of $46.00 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts expect that TeraWulf will post -1 earnings per share for the current fiscal year.

About TeraWulf

TeraWulf, Inc is a digital infrastructure company that develops and operates energy-intensive computing facilities in the United States. The company has primarily focused on bitcoin mining, using specialized application-specific integrated circuit (ASIC) hardware and power infrastructure to support cryptocurrency production.

TeraWulf emphasizes the use of low-carbon energy sources, including nuclear and hydropower, as part of its strategy to reduce the environmental impact of its operations.