TeraWulf (NASDAQ:WULF) Director Michael Bucella Purchases 6,085 Shares

TeraWulf Inc. (NASDAQ:WULF) Director Michael Bucella purchased 6,085 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the completion of the transaction, the director directly owned 350,789 shares in the company, valued at approximately $5,188,169.31. This represents a 1.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TeraWulf Stock Up 6.2%

NASDAQ:WULF opened at $15.39 on Thursday. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.52 and a beta of 3.70. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf Inc. has a twelve month low of $10.43 and a twelve month high of $29.84. The stock’s 50 day moving average price is $17.30 and its two-hundred day moving average price is $19.69.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). The firm had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. Equities research analysts expect that TeraWulf Inc. will post -0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TeraWulf

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC lifted its stake in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after acquiring an additional 747 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $41,000. First United Bank & Trust acquired a new position in shares of TeraWulf in the 1st quarter worth approximately $37,000. Vermillion Wealth Management Inc. boosted its stake in shares of TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after purchasing an additional 2,394 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of TeraWulf in the 2nd quarter valued at $74,000. Institutional investors own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. HC Wainwright reaffirmed a “buy” rating on shares of TeraWulf in a report on Friday, August 21st. Chardan Capital restated a “buy” rating and set a $32.00 price objective on shares of TeraWulf in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research note on Wednesday, June 24th. Zacks Research raised shares of TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $35.00 price target on shares of TeraWulf in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.99.

About TeraWulf

TeraWulf Inc (NASDAQ: WULF) develops and operates digital-asset mining and high-performance computing infrastructure. The company has focused primarily on bitcoin mining while expanding its data-center platform to support artificial intelligence, cloud computing and other high-density computing applications.

TeraWulf emphasizes access to low-cost, predominantly zero-carbon energy and designs, builds and operates energy-intensive data-center facilities. Its operations have included the Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, which was developed in collaboration with Cumulus Coin.