Stifel Canada Comments on TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Stifel Canada issued their FY2024 earnings estimates for shares of TeraWulf in a note issued to investors on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou forecasts that the company will earn ($0.16) per share for the year. Stifel Canada currently has a “Moderate Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Stifel Canada also issued estimates for TeraWulf’s FY2025 earnings at ($0.04) EPS and FY2026 earnings at ($0.04) EPS.

A number of other equities analysts have also weighed in on WULF. Northland Securities reaffirmed an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a report on Thursday, December 5th. Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.64.

TeraWulf Trading Down 9.0 %

Shares of NASDAQ:WULF opened at $5.53 on Friday. TeraWulf has a 52-week low of $1.24 and a 52-week high of $9.30. The business’s 50 day simple moving average is $7.06 and its two-hundred day simple moving average is $5.38.

Hedge Funds Weigh In On TeraWulf

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in TeraWulf during the second quarter valued at about $22,443,000. Hood River Capital Management LLC purchased a new position in TeraWulf in the second quarter valued at about $20,532,000. Driehaus Capital Management LLC bought a new position in shares of TeraWulf during the 2nd quarter valued at approximately $9,948,000. Duquesne Family Office LLC purchased a new stake in shares of TeraWulf during the 2nd quarter worth approximately $9,301,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of TeraWulf in the 3rd quarter worth approximately $9,489,000. 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.