Key Points
- Director Michael Bucella purchased 4,178 shares on November 13 at an average price of $12.01 for a total of $50,177.78, raising his stake to 266,958 shares (a 1.59% increase), per an SEC filing.
- TeraWulf reported a quarterly loss of $1.13 per share versus a $0.04 expected loss and revenue of $50.6M versus $56.3M expected, showing a large miss despite revenue rising 86.9% year-over-year and deeply negative margins and ROE.
- The stock trades in a wide 52-week range ($2.06–$17.05) with a market cap of about $6.95B and high volatility (beta 3.83); analysts have a consensus of Moderate Buy with an average target of $18.42.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella acquired 4,178 shares of the stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $12.01 per share, with a total value of $50,177.78. Following the purchase, the director owned 266,958 shares in the company, valued at $3,206,165.58. This represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
TeraWulf Stock Performance
Shares of WULF opened at $16.61 on Friday. The business's 50 day moving average is $13.82 and its two-hundred day moving average is $9.18. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $17.05. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of -11.39 and a beta of 3.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly 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). The company had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.TeraWulf's quarterly revenue was up 86.9% compared to the same quarter last year. Analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On TeraWulf
Large investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of TeraWulf during the first quarter valued at approximately $29,000. Nisa Investment Advisors LLC boosted its position in TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock valued at $29,000 after purchasing an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC boosted its position in TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock valued at $29,000 after purchasing an additional 4,800 shares during the period. Advisory Services Network LLC bought a new position in TeraWulf during the 3rd quarter worth $29,000. Finally, Advisors Asset Management Inc. increased its position in TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock worth $30,000 after buying an additional 2,748 shares during the period. Institutional investors own 62.49% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. JMP Securities set a $22.00 target price on shares of TeraWulf in a research report on Wednesday, October 29th. UBS Group set a $18.25 price objective on TeraWulf in a report on Friday, October 24th. Cantor Fitzgerald upped their price objective on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Roth Capital lifted their target price on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Citizens Jmp boosted their price target on TeraWulf from $18.00 to $22.00 and gave the company a "market outperform" rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TeraWulf presently has a consensus rating of "Moderate Buy" and an average target price of $18.42.
View Our Latest Report on TeraWulf
About TeraWulf
(
Get Free Report)
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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