FY2024 EPS Estimates for TeraWulf Decreased by Roth Capital

TeraWulf Inc. (NASDAQ:WULF) – Research analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of TeraWulf in a research report issued on Monday, January 6th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.18) per share for the year, down from their prior forecast of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Roth Capital also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.05) EPS and Q4 2025 earnings at $0.04 EPS.

Several other brokerages have also weighed in on WULF. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research report on Monday. Needham & Company LLC boosted their price target on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday. Finally, Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Trading Down 5.7 %

NASDAQ WULF opened at $6.13 on Wednesday. The business’s 50-day moving average price is $6.97 and its 200 day moving average price is $5.48. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

Hedge Funds Weigh In On TeraWulf

A number of institutional investors have recently added to or reduced their stakes in WULF. Aspect Partners LLC purchased a new stake in shares of TeraWulf during the third quarter worth about $26,000. Amalgamated Bank grew its position in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares in the last quarter. FMR LLC raised its holdings in 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 acquiring an additional 1,408 shares in the last quarter. KBC Group NV acquired a new position in TeraWulf during the 3rd quarter worth $39,000. Finally, Pekin Hardy Strauss Inc. bought a new position in TeraWulf during the second quarter worth $44,000. Institutional investors and hedge funds 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.