Equities Analysts Offer Predictions for TeraWulf Q4 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Research analysts at Stifel Canada issued their Q4 2024 earnings per share estimates for shares of TeraWulf in a research report issued to clients and investors on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou expects that the company will post earnings per share of ($0.03) for the quarter. Stifel Canada has a “Moderate Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share.

WULF has been the topic of several other reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Wednesday, December 4th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. B. Riley boosted their target price on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Needham & Company LLC increased their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Performance

TeraWulf stock opened at $6.23 on Wednesday. The business has a 50 day simple moving average of $7.03 and a 200-day simple moving average of $5.36. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of the business. Aspect Partners LLC acquired a new position in shares of TeraWulf in the third quarter worth $26,000. Amalgamated Bank raised its stake in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the last quarter. FMR LLC lifted its holdings in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. KBC Group NV acquired a new stake in shares of TeraWulf during the 3rd quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of TeraWulf during the second quarter worth about $44,000. Hedge funds and other institutional investors 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.