FY2024 Earnings Forecast for TeraWulf Issued By Roth Capital

TeraWulf Inc. (NASDAQ:WULF) – Analysts at Roth Capital dropped their FY2024 earnings estimates for TeraWulf in a report released on Wednesday, November 13th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.17) per share for the year, down from their prior forecast 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 analysts have also weighed in on WULF. B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of TeraWulf in a research note on Monday, October 7th. Northland Securities raised their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC raised their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $7.21.

TeraWulf Trading Up 3.4 %

NASDAQ:WULF opened at $7.18 on Friday. TeraWulf has a 1-year low of $1.01 and a 1-year high of $9.30. The company’s fifty day moving average price is $5.42 and its 200-day moving average price is $4.35.

Institutional Trading of TeraWulf

Institutional investors have recently modified their holdings of the stock. Aspect Partners LLC acquired a new stake in shares of TeraWulf in the third quarter valued at about $26,000. Amalgamated Bank grew its position in shares of TeraWulf by 57.7% in the second 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 period. FMR LLC grew its position in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the period. KBC Group NV acquired a new stake in shares of TeraWulf in the third quarter valued at about $39,000. Finally, ARS Investment Partners LLC acquired a new stake in shares of TeraWulf in the second quarter valued at about $44,000. Institutional investors and hedge funds 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.