Atb Cap Markets Predicts TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Equities research analysts at Atb Cap Markets issued their FY2024 earnings per share (EPS) estimates for shares of TeraWulf in a research note issued to investors on Sunday, January 5th. Atb Cap Markets analyst M. Toner anticipates that the company will post earnings of ($0.14) per share for the year. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for TeraWulf’s FY2025 earnings at $0.11 EPS, FY2026 earnings at $0.36 EPS, FY2027 earnings at $0.66 EPS, FY2028 earnings at $0.62 EPS and FY2029 earnings at $0.87 EPS.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC increased their price objective on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. Northland Securities reissued an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Monday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Down 10.1 %

WULF stock opened at $5.51 on Wednesday. The company has a 50-day simple moving average of $6.94 and a 200 day simple moving average of $5.48. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Aspect Partners LLC acquired a new position in TeraWulf during the third quarter worth $26,000. Amalgamated Bank raised its stake in shares of 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 acquiring an additional 2,912 shares in 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 worth $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV bought a new stake in TeraWulf during the third quarter worth approximately $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in TeraWulf during the second quarter valued at approximately $44,000. 62.49% of the stock is owned by institutional investors and hedge funds.

About TeraWulf

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.