Key Points
- Director Michael Bucella purchased 6,085 TeraWulf shares at an average price of $14.79, investing nearly $90,000 and increasing his direct ownership by 1.77% to 350,789 shares.
- TeraWulf shares were trading at $15.39, up 6.2%, but the company reported a substantial quarterly EPS loss of $1.94 versus the $0.24 consensus estimate, while revenue fell 6% year over year to $44.77 million.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $33.99; institutional investors own 62.49% of the company.
TeraWulf Inc. (NASDAQ:WULF - Get Free Report) Director Michael Bucella bought 6,085 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $14.79 per share, with a total value of $89,997.15. Following the completion of the transaction, the director directly owned 350,789 shares in the company, valued at $5,188,169.31. This represents a 1.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
TeraWulf Trading Up 6.2%
NASDAQ WULF opened at $15.39 on Thursday. 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 52 week low of $10.43 and a 52 week high of $29.84. The business has a 50 day moving average price of $17.30 and a 200-day moving average price of $19.69. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -3.52 and a beta of 3.70.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The business had revenue of $44.77 million during the quarter, compared to analyst estimates 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 for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. As a group, equities analysts expect that TeraWulf Inc. will post -0.95 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on WULF shares. Zacks Research raised shares of TeraWulf from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $35.00 price target on shares of TeraWulf in a research report on Wednesday, May 27th. Freedom Capmkts upgraded TeraWulf to a "strong-buy" rating in a research note on Tuesday, September 8th. Morgan Stanley lowered their price objective on TeraWulf from $72.00 to $62.50 and set an "overweight" rating for the company in a research note on Thursday, August 13th. Finally, Compass Point set a $40.00 target price on TeraWulf in a report on Monday, July 6th. Three 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, TeraWulf currently has a consensus rating of "Moderate Buy" and an average price target of $33.99.
View Our Latest Stock Report on TeraWulf
Institutional Investors Weigh In On TeraWulf
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new position in shares of TeraWulf in the second quarter valued at approximately $11,945,000. WINTON GROUP Ltd bought a new stake in TeraWulf during the second quarter worth $5,550,000. Integrated Wealth Concepts LLC boosted its position in TeraWulf by 8.0% in the second quarter. Integrated Wealth Concepts LLC now owns 48,782 shares of the company's stock worth $1,205,000 after purchasing an additional 3,617 shares during the last quarter. IFP Advisors Inc boosted its position in TeraWulf by 75.9% in the second quarter. IFP Advisors Inc now owns 15,124 shares of the company's stock worth $374,000 after purchasing an additional 6,524 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in TeraWulf in the 2nd quarter valued at $540,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
About TeraWulf
(
Get Free Report)
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.
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