TeraWulf Inc. (NASDAQ:WULF - Free Report) - Research analysts at Atb Cap Markets issued their Q4 2024 earnings estimates for shares of TeraWulf in a report released on Tuesday, February 4th. Atb Cap Markets analyst M. Toner anticipates that the company will post earnings of ($0.03) per share for the quarter. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for TeraWulf's current full-year earnings is ($0.16) per share.
A number of other brokerages also recently issued reports on WULF. Rosenblatt Securities reissued a "buy" rating and set a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They set a "market perform" rating on the stock. Needham & Company LLC reissued a "buy" rating and set a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. Northland Securities reissued an "outperform" rating and set a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $8.64.
Read Our Latest Research Report on WULF
Shares of TeraWulf stock opened at $5.03 on Friday. The company's fifty day simple moving average is $6.21 and its two-hundred day simple moving average is $5.53. TeraWulf has a 12-month low of $1.57 and a 12-month high of $9.30.
Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock worth $33,623,000 after purchasing an additional 820,354 shares in the last quarter. State Street Corp boosted its stake in TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company's stock worth $29,405,000 after purchasing an additional 227,186 shares in the last quarter. Van ECK Associates Corp boosted its stake in TeraWulf by 74.2% in the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after purchasing an additional 2,028,383 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in TeraWulf by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after purchasing an additional 105,997 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its stake in TeraWulf by 8.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company's stock worth $12,487,000 after purchasing an additional 178,620 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.
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