TeraWulf (NASDAQ:WULF) Stock Rating Reaffirmed by Cantor Fitzgerald

TeraWulf (NASDAQ:WULF)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, Benzinga reports. They currently have a $10.00 price objective on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 127.27% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC started coverage on TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and issued a $6.50 target price on shares of TeraWulf in a research note on Monday, July 8th. Rosenblatt Securities boosted their price target on shares of TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Roth Capital raised shares of TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of TeraWulf in a research note on Monday, August 26th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $5.71.

TeraWulf Stock Performance

Shares of WULF stock opened at $4.40 on Thursday. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $6.51. The stock’s fifty day moving average is $4.24 and its two-hundred day moving average is $3.57.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. On average, equities analysts predict that TeraWulf will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On TeraWulf

Several large investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position 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 period. Price T Rowe Associates Inc. MD lifted its stake in TeraWulf by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after acquiring an additional 6,450 shares in the last quarter. ARS Investment Partners LLC purchased a new position in TeraWulf during the 2nd quarter valued at about $44,000. Pekin Hardy Strauss Inc. acquired a new position in TeraWulf in the 2nd quarter valued at about $44,000. Finally, Miracle Mile Advisors LLC purchased a new stake in TeraWulf during the first quarter worth about $29,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.