TeraWulf FY2024 EPS Forecast Lowered by Northland Capmk

TeraWulf Inc. (NASDAQ:WULF) – Equities researchers at Northland Capmk reduced their FY2024 earnings per share estimates for TeraWulf in a research note issued on Wednesday, November 13th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of ($0.17) per share for the year, down from their prior forecast of ($0.14). The consensus estimate for TeraWulf’s current full-year earnings is ($0.14) per share. Northland Capmk also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

WULF has been the topic of several other reports. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of TeraWulf in a research note on Tuesday, October 8th. B. Riley restated a “buy” rating and issued a $6.00 target price on shares of TeraWulf in a report on Monday, October 7th. Northland Securities lifted their price target on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC increased their price objective on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $7.21.

TeraWulf Stock Performance

NASDAQ WULF opened at $7.18 on Monday. TeraWulf has a 1 year low of $1.01 and a 1 year high of $9.30. The stock’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $4.41.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in TeraWulf in the first quarter worth approximately $141,000. Vanguard Group Inc. increased its stake in shares of TeraWulf by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after purchasing an additional 1,764,115 shares during the last quarter. PEAK6 Investments LLC bought a new position in shares of TeraWulf during the 1st quarter valued at $64,000. Price T Rowe Associates Inc. MD lifted its stake in shares of TeraWulf by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in TeraWulf in the second quarter worth $101,000. 62.49% of the stock is owned by hedge funds and other 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.