TeraWulf Inc. (NASDAQ:WULF – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.93 and last traded at $25.18, with a volume of 46071947 shares. The stock had previously closed at $22.82.
More TeraWulf News
Here are the key news stories impacting TeraWulf this week:
- Positive Sentiment: TeraWulf announced it acquired the 1+ GW Muskie Data Campus in Eastern Kentucky, a hyperscale HPC site that could significantly expand its infrastructure platform and support future AI computing demand. TeraWulf Expands Infrastructure Platform with Acquisition of 1+ GW Eastern Kentucky HPC Campus
- Positive Sentiment: Multiple reports highlighted that the Kentucky deal is fueling a sharp rally in the stock, with coverage framing the acquisition as a major AI data center expansion and a key reason for the shares moving up today. TeraWulf Shares Gain on Acquisition of Data Center Site
- Neutral Sentiment: Unusual options activity added to trading interest, with call volume far above normal, suggesting investors are positioning for continued upside, though this is more a trading signal than a fundamental update.
- Neutral Sentiment: Coverage of TeraWulf’s Lake Mariner campus as a prototype for converting a retired coal plant into an AI factory underscores the company’s strategic pivot, but it mainly reinforces the existing growth narrative rather than adding new financial detail. TeraWulf’s Lake Mariner Campus: How a Retired Coal Plant Became an AI Factory Prototype
- Negative Sentiment: No major negative company-specific news was reported in the provided articles; investor focus remains on the potential upside from the Kentucky acquisition and broader AI infrastructure demand.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on WULF shares. Arete Research started coverage on TeraWulf in a report on Monday, March 23rd. They set a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley increased their price objective on TeraWulf to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a report on Friday, March 27th. Keefe, Bruyette & Woods increased their price objective on TeraWulf from $25.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Roth Mkm restated a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research note on Friday, April 17th. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.59.
TeraWulf Price Performance
The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $12.48 billion, a P/E ratio of -10.15 and a beta of 3.84. The firm has a 50-day moving average price of $19.48 and a 200 day moving average price of $15.92.
TeraWulf (NASDAQ:WULF – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.82). The firm had revenue of $34.01 million for the quarter, compared to the consensus estimate of $34.69 million. TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. TeraWulf’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) earnings per share. On average, analysts expect that TeraWulf Inc. will post -0.53 EPS for the current year.
Insider Activity
In other news, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $20.80, for a total transaction of $2,860,000.00. Following the transaction, the chief executive officer directly owned 963,520 shares in the company, valued at approximately $20,041,216. This represents a 12.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Bucella acquired 3,171 shares of TeraWulf stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of $15.78 per share, for a total transaction of $50,038.38. Following the completion of the transaction, the director directly owned 270,129 shares in the company, valued at approximately $4,262,635.62. The trade was a 1.19% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 13,094 shares of company stock worth $200,392 and have sold 954,200 shares worth $16,390,854. Corporate insiders own 15.90% of the company’s stock.
Institutional Investors Weigh In On TeraWulf
Several institutional investors have recently bought and sold shares of WULF. Advisory Services Network LLC purchased a new stake in TeraWulf during the 3rd quarter valued at about $29,000. Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after acquiring an additional 2,394 shares during the period. Solstein Capital LLC purchased a new stake in TeraWulf during the 4th quarter valued at about $34,000. Comerica Bank boosted its holdings in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after acquiring an additional 12,370 shares during the period. Finally, First United Bank & Trust purchased a new stake in TeraWulf during the 1st quarter valued at about $37,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
About TeraWulf
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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