TeraWulf (NASDAQ:WULF) Shares Gap Up – Time to Buy?

Posted by Stanley Muller on Oct 23rd, 2026

Shares of TeraWulf Inc. (NASDAQ:WULF – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $12.01, but opened at $12.70. TeraWulf shares last traded at $12.5080, with a volume of 7,693,530 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of TeraWulf from $62.50 to $65.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Citigroup initiated coverage on shares of TeraWulf in a research note on Monday, June 29th. They set a “buy” rating and a $36.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating on shares of TeraWulf in a report on Friday, August 21st. Compass Point set a $40.00 price objective on shares of TeraWulf in a report on Monday, July 6th. Finally, Wells Fargo & Company began coverage on shares of TeraWulf in a research note on Thursday, September 17th. They issued an “overweight” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.52.

Get Our Latest Analysis on TeraWulf

TeraWulf Stock Performance

The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -2.59 and a beta of 3.80. 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 firm has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $19.54.

TeraWulf (NASDAQ:WULF – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The firm 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 firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. Analysts forecast that TeraWulf Inc. will post -1.00 EPS for the current fiscal year.

Insider Activity at TeraWulf

In other news, Director Michael Bucella acquired 6,085 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost 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 in the company, valued at $5,188,169.31. This trade 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 hyperlink. Also, CEO Paul Prager sold 137,500 shares of TeraWulf stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total value of $2,345,750.00. Following the completion of the sale, the chief executive officer owned 3,807,552 shares of the company’s stock, valued at approximately $64,956,837.12. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought a total of 11,968 shares of company stock worth $189,962 over the last 90 days. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Several institutional investors have recently modified their holdings of the business. Inspire Investing LLC bought a new position in TeraWulf during the 3rd quarter worth approximately $450,000. SBI Securities Co. Ltd. increased its stake in TeraWulf by 15.0% in the third quarter. SBI Securities Co. Ltd. now owns 18,964 shares of the company’s stock valued at $281,000 after purchasing an additional 2,473 shares in the last quarter. Kings Path Partners LLC bought a new stake in TeraWulf in the third quarter valued at approximately $363,000. Axxcess Wealth Management LLC increased its stake in TeraWulf by 0.6% in the third quarter. Axxcess Wealth Management LLC now owns 1,006,037 shares of the company’s stock valued at $14,889,000 after purchasing an additional 5,978 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in TeraWulf by 40.5% in the third quarter. IFP Advisors Inc now owns 21,256 shares of the company’s stock worth $315,000 after purchasing an additional 6,132 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

About TeraWulf

(Get Free Report)

TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.

TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.