TeraWulf Inc. (NASDAQ:WULF – Get Free Report) Director Michael Bucella acquired 6,085 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $14.79 per share, for a total transaction of $89,997.15. Following the completion of the transaction, the director directly owned 350,789 shares of the company’s stock, valued at approximately $5,188,169.31. This represents a 1.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
TeraWulf Stock Up 3.3%
Shares of WULF opened at $17.01 on Friday. The business’s 50 day moving average is $17.07 and its 200 day moving average is $19.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf Inc. has a 12-month low of $10.43 and a 12-month high of $29.84. The company has a market capitalization of $8.49 billion, a PE ratio of -3.89 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 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 the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Research analysts expect that TeraWulf Inc. will post -0.95 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Investors Weigh In On TeraWulf
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. grew its stake in TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock worth $30,000 after acquiring an additional 2,394 shares in the last quarter. Solstein Capital LLC bought a new stake in shares of TeraWulf during the fourth quarter valued at approximately $34,000. CoreCap Advisors LLC boosted its holdings in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after purchasing an additional 747 shares during the period. First United Bank & Trust bought a new position in TeraWulf in the first quarter worth approximately $37,000. Finally, Ameritas Advisory Services LLC bought a new position in TeraWulf in the second quarter worth approximately $41,000. Institutional investors own 62.49% of the company’s stock.
TeraWulf Company Profile
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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