TeraWulf Inc. (NASDAQ:WULF – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 109,129 call options on the stock. This is an increase of 153% compared to the typical daily volume of 43,092 call options.
TeraWulf Stock Up 3.0 %
Shares of TeraWulf stock opened at $6.89 on Thursday. The firm’s 50 day moving average is $4.77 and its 200 day moving average is $3.98. TeraWulf has a 1 year low of $0.89 and a 1 year high of $7.28.
TeraWulf (NASDAQ:WULF – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. The company had revenue of $35.57 million for the quarter, compared to the consensus estimate of $35.73 million. As a group, analysts predict that TeraWulf will post -0.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on WULF
Institutional Investors Weigh In On TeraWulf
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in TeraWulf by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after buying an additional 1,764,115 shares during the period. SG Americas Securities LLC boosted its position in TeraWulf by 260.8% during the 2nd quarter. SG Americas Securities LLC now owns 193,304 shares of the company’s stock worth $860,000 after buying an additional 139,722 shares during the period. Bank of New York Mellon Corp boosted its position in TeraWulf by 97.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock worth $3,757,000 after buying an additional 417,369 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in TeraWulf during the 2nd quarter worth approximately $1,095,000. Finally, Scientech Research LLC acquired a new stake in TeraWulf during the 2nd quarter worth approximately $1,040,000. 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.
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