FY2024 EPS Estimates for TeraWulf Cut by Northland Capmk

TeraWulf Inc. (NASDAQ:WULF) – Northland Capmk decreased their FY2024 earnings per share (EPS) estimates for TeraWulf in a report released on Wednesday, December 4th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn ($0.19) per share for the year, down from their previous forecast of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.16) per share. Northland Capmk also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.06) EPS.

A number of other research analysts have also weighed in on WULF. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research note on Wednesday, December 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of TeraWulf in a report on Monday, October 7th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities lifted their target price on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $8.07.

TeraWulf Trading Up 5.3 %

Shares of WULF opened at $8.12 on Monday. The stock has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $4.94. TeraWulf has a 52-week low of $1.24 and a 52-week high of $9.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WULF. Franklin Resources Inc. increased its position in TeraWulf by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock worth $3,081,000 after buying an additional 64,634 shares during the period. Tidal Investments LLC grew its stake in shares of TeraWulf by 1,389.8% in the third quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock valued at $4,065,000 after acquiring an additional 810,382 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of TeraWulf in the third quarter valued at about $434,000. Geode Capital Management LLC increased its position in TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after acquiring an additional 820,354 shares during the period. Finally, Barclays PLC raised its stake in TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after purchasing an additional 343,016 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

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.