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

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.6029.

A number of research firms have recently weighed in on WULF. Cantor Fitzgerald restated an “overweight” rating and set a $37.00 target price on shares of TeraWulf in a research report on Wednesday, July 15th. Zacks Research cut TeraWulf from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Citigroup initiated coverage on TeraWulf in a research report on Monday, June 29th. They issued a “buy” rating and a $36.00 price objective for the company. Needham & Company LLC boosted their price objective on TeraWulf from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of TeraWulf in a research report on Wednesday, July 15th.

TeraWulf Trading Up 2.9%

Shares of NASDAQ WULF opened at $20.05 on Friday. TeraWulf has a 1-year low of $4.64 and a 1-year high of $29.84. The company has a 50-day moving average of $23.84 and a two-hundred day moving average of $19.17. The company has a market cap of $9.94 billion, a PE ratio of -8.08 and a beta of 3.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, May 8th. The company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The company had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. During the same period in the prior year, the business earned ($0.16) EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts expect that TeraWulf will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the completion of the sale, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at $104,938,383.20. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 520,850 shares of company stock worth $12,221,864 over the last ninety days. Insiders own 15.90% of the company’s stock.

Institutional Trading of TeraWulf

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of TeraWulf by 25.2% during the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after purchasing an additional 681 shares during the period. CoreCap Advisors LLC increased its holdings in TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after purchasing an additional 747 shares during the last quarter. Kraematon Investment Advisors Inc. lifted its stake in TeraWulf by 2.3% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock valued at $488,000 after buying an additional 952 shares during the period. R Squared Ltd lifted its stake in TeraWulf by 5.0% in the fourth quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after buying an additional 1,056 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in TeraWulf by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after buying an additional 1,259 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.