Atb Cap Markets Comments on TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Investment analysts at Atb Cap Markets issued their FY2024 earnings estimates for TeraWulf in a research report issued to clients and investors on Sunday, January 5th. Atb Cap Markets analyst M. Toner expects that the company will post earnings per share of ($0.14) for the year. Atb Cap Markets currently 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.

A number of other analysts have also recently commented on WULF. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research report on Monday. B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research note on Wednesday. They issued a “market perform” rating for the company. Finally, Northland Securities restated an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.64.

TeraWulf Trading Down 10.1 %

WULF opened at $5.51 on Wednesday. The firm’s 50 day simple moving average is $6.92 and its two-hundred day simple moving average is $5.48. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30.

Institutional Trading of TeraWulf

Several hedge funds have recently modified their holdings of WULF. Aspect Partners LLC bought a new position in shares of TeraWulf in the 3rd quarter valued at about $26,000. Amalgamated Bank raised its position in TeraWulf by 57.7% during 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 lifted its stake in shares of TeraWulf by 22.0% in 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 during the last quarter. KBC Group NV bought a new stake in shares of TeraWulf in the 3rd quarter valued at approximately $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of TeraWulf in the 2nd quarter worth approximately $44,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

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.