Navellier & Associates Inc. Makes New $594,000 Investment in TeraWulf Inc. $WULF

Navellier & Associates Inc. purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,012 shares of the company’s stock, valued at approximately $594,000.

A number of other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its stake in TeraWulf by 366.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock worth $41,000 after buying an additional 2,820 shares during the period. Financial Consulate Inc. acquired a new position in TeraWulf in the third quarter valued at about $57,000. Nisa Investment Advisors LLC increased its holdings in shares of TeraWulf by 135.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after acquiring an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after purchasing an additional 4,800 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after purchasing an additional 2,748 shares during the period. Institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $16.03 on Thursday. The company’s fifty day simple moving average is $13.58 and its 200-day simple moving average is $11.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45. The firm has a market cap of $6.71 billion, a PE ratio of -11.29 and a beta of 3.69. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $17.69.

TeraWulf (NASDAQ:WULF) last released its earnings results on Monday, November 10th. The company reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.09). TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The business had revenue of $50.58 million during the quarter, compared to the consensus estimate of $56.27 million. The firm’s quarterly revenue was up 86.9% compared to the same quarter last year. Equities research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $24.00 target price on shares of TeraWulf in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of TeraWulf from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Morgan Stanley began coverage on shares of TeraWulf in a research report on Monday. They issued an “overweight” rating and a $37.00 price objective on the stock. Northland Securities set a $23.25 target price on shares of TeraWulf in a research note on Wednesday, October 29th. Finally, UBS Group set a $18.25 price target on TeraWulf in a research note on Friday, October 24th. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.43.

TeraWulf 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.