TeraWulf (NASDAQ:WULF) Sets New 12-Month High – Time to Buy?

Shares of TeraWulf Inc. (NASDAQ:WULF) hit a new 52-week high during trading on Tuesday . The company traded as high as $11.79 and last traded at $11.60, with a volume of 30319569 shares. The stock had previously closed at $10.83.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of research analyst reports. Compass Point initiated coverage on shares of TeraWulf in a research report on Monday, September 15th. They set a “buy” rating on the stock. B. Riley boosted their target price on shares of TeraWulf from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Rosenblatt Securities raised their price target on TeraWulf from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Cantor Fitzgerald lifted their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, Roth Capital increased their target price on TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $11.22.

TeraWulf Stock Up 0.4%

The company’s 50 day moving average price is $8.59 and its two-hundred day moving average price is $5.35. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. The firm has a market cap of $4.68 billion, a PE ratio of -32.77 and a beta of 3.44.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.TeraWulf’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, equities research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares of the company’s stock, valued at $352,244.16. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TeraWulf

Several large investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of TeraWulf in the first quarter worth $29,000. Nisa Investment Advisors LLC boosted its holdings in TeraWulf by 135.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after buying an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC increased its stake in TeraWulf by 265.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. increased its stake in TeraWulf by 68.4% in the 2nd 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 in the last quarter. Finally, Calamos Advisors LLC bought a new stake in TeraWulf during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Company Profile

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.