FY2024 Earnings Forecast for TeraWulf Issued By Roth Capital

TeraWulf Inc. (NASDAQ:WULF) – Stock analysts at Roth Capital decreased their FY2024 earnings estimates for shares of TeraWulf in a research report issued to clients and investors on Wednesday, November 13th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.17) per share for the year, down from their prior estimate of ($0.09). The consensus estimate for TeraWulf’s current full-year earnings is ($0.10) per share. Roth Capital also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.04) EPS, Q4 2025 earnings at $0.03 EPS and FY2026 earnings at $0.16 EPS.

A number of other equities research analysts also recently issued reports on WULF. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC boosted their price target on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Thursday, October 3rd. B. Riley restated a “buy” rating and set a $6.00 target price on shares of TeraWulf in a research report on Monday, October 7th. Finally, Northland Securities upped their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $7.21.

TeraWulf Stock Up 3.4 %

NASDAQ:WULF opened at $7.18 on Friday. TeraWulf has a 12 month low of $1.01 and a 12 month high of $9.30. The company has a 50 day simple moving average of $5.42 and a two-hundred day simple moving average of $4.35.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds and other institutional investors have recently bought and sold shares of WULF. Point72 Asset Management L.P. purchased a new stake in TeraWulf during the second quarter valued at approximately $22,443,000. Hood River Capital Management LLC purchased a new position in shares of TeraWulf in the second quarter worth $20,532,000. Driehaus Capital Management LLC purchased a new position in shares of TeraWulf in the second quarter worth $9,948,000. Duquesne Family Office LLC purchased a new position in shares of TeraWulf in the second quarter worth $9,301,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of TeraWulf in the third quarter worth $9,489,000. 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.