Roth Capital Comments on TeraWulf Inc.’s Q2 2024 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) – Analysts at Roth Capital issued their Q2 2024 earnings per share estimates for shares of TeraWulf in a note issued to investors on Tuesday, July 2nd. Roth Capital analyst D. Aftahi forecasts that the company will post earnings of $0.00 per share for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for TeraWulf’s Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.06) EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.30 EPS.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The firm had revenue of $42.43 million for the quarter, compared to analyst estimates of $41.86 million.

WULF has been the subject of a number of other reports. B. Riley upped their price objective on shares of TeraWulf from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Compass Point decreased their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Thursday, March 21st. Rosenblatt Securities started coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price objective for the company. Roth Mkm began coverage on shares of TeraWulf in a research report on Tuesday. They issued a “buy” rating and a $6.50 price objective for the company. Finally, Cantor Fitzgerald upped their target price on shares of TeraWulf from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TeraWulf presently has an average rating of “Buy” and a consensus target price of $5.21.

TeraWulf Stock Up 3.2 %

Shares of TeraWulf stock opened at $5.21 on Thursday. The company has a fifty day moving average price of $3.03 and a 200 day moving average price of $2.41. TeraWulf has a twelve month low of $0.89 and a twelve month high of $5.37.

Insider Buying and Selling

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $3.25, for a total transaction of $227,487.00. Following the sale, the treasurer now owns 337,245 shares in the company, valued at $1,096,046.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On TeraWulf

Several large investors have recently made changes to their positions in WULF. Price T Rowe Associates Inc. MD boosted its holdings in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after acquiring an additional 6,450 shares in the last quarter. PEAK6 Investments LLC bought a new position in shares of TeraWulf in the first quarter valued at approximately $64,000. Vanguard Group Inc. boosted its holdings in shares of TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after acquiring an additional 1,764,115 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of TeraWulf in the first quarter valued at approximately $141,000. Finally, Quantbot Technologies LP bought a new stake in TeraWulf during the first quarter worth approximately $204,000. Institutional investors and hedge funds 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.