TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella purchased 2,860 shares of the company's stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $17.47 per share, for a total transaction of $49,964.20. Following the purchase, the director directly owned 344,704 shares of the company's stock, valued at $6,021,978.88. This trade represents a 0.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TeraWulf Stock Performance
WULF opened at $17.60 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The business's 50 day moving average is $21.49 and its 200-day moving average is $19.62. The stock has a market cap of $8.78 billion, a PE ratio of -4.03 and a beta of 3.76. TeraWulf Inc. has a twelve month low of $8.60 and a twelve month high of $29.84.
TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The business had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same period last year, the company earned ($0.05) earnings per share. The business's quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that TeraWulf Inc. will post -0.94 earnings per share for the current year.
Analysts Set New Price Targets
WULF has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $37.00 price target on shares of TeraWulf in a research note on Wednesday, July 15th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $30.00 price objective on shares of TeraWulf in a report on Thursday, August 6th. Chardan Capital reiterated a "buy" rating and issued a $32.00 target price on shares of TeraWulf in a research report on Wednesday, August 5th. B. Riley Financial increased their target price on shares of TeraWulf from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Citigroup started coverage on shares of TeraWulf in a research note on Monday, June 29th. They set a "buy" rating and a $36.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.21.
Check Out Our Latest Report on TeraWulf
Hedge Funds Weigh In On TeraWulf
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of TeraWulf during the 3rd quarter valued at $29,000. Vermillion Wealth Management Inc. lifted its holdings in shares of TeraWulf by 1,191.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock valued at $30,000 after buying an additional 2,394 shares during the period. Solstein Capital LLC bought a new position in TeraWulf during the fourth quarter valued at about $34,000. Comerica Bank boosted its stake in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after buying an additional 12,370 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in TeraWulf by 106.7% during 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. 62.49% of the stock is owned by institutional investors.
About TeraWulf
(
Get Free Report)
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.
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