Stifel Canada Estimates TeraWulf’s Q4 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) – Stifel Canada issued their Q4 2024 EPS estimates for TeraWulf in a research note issued to investors on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou expects that the company will post earnings of ($0.03) per share 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.

A number of other brokerages also recently commented on WULF. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research note on Wednesday, December 4th. Needham & Company LLC upped their price objective on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Northland Securities reiterated an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Tuesday. B. Riley upped their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Thursday, December 5th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TeraWulf has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 2.4 %

NASDAQ WULF opened at $6.08 on Wednesday. TeraWulf has a one year low of $1.24 and a one year high of $9.30. The company has a 50-day simple moving average of $7.05 and a 200-day simple moving average of $5.37.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently made changes to their positions in WULF. Aspect Partners LLC acquired a new position in TeraWulf during the third quarter worth about $26,000. FMR LLC boosted its stake in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after acquiring an additional 1,408 shares in the last quarter. Amalgamated Bank boosted its position in shares of TeraWulf by 57.7% in the 2nd 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. KBC Group NV purchased a new position in TeraWulf in the 3rd quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in TeraWulf during the 2nd quarter worth about $44,000. 62.49% of the stock is currently owned by 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.