Q4 Earnings Estimate for TeraWulf Issued By Stifel Canada

TeraWulf Inc. (NASDAQ:WULF) – Stifel Canada issued their Q4 2024 EPS estimates for TeraWulf in a report issued on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou anticipates that the company will post earnings per share of ($0.03) for the quarter. Stifel Canada has a “Moderate Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share.

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

TeraWulf Price Performance

WULF stock opened at $6.23 on Wednesday. The stock has a 50-day moving average price of $7.03 and a two-hundred day moving average price of $5.36. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new stake in shares of TeraWulf during the third quarter valued at about $26,000. Amalgamated Bank boosted its holdings in 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 last quarter. FMR LLC grew its stake in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. KBC Group NV acquired a new stake in TeraWulf during the 3rd quarter valued at approximately $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in TeraWulf during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.