FY2024 EPS Estimates for TeraWulf Reduced by Northland Capmk

TeraWulf Inc. (NASDAQ:WULF) – Analysts at Northland Capmk decreased their FY2024 earnings per share (EPS) estimates for shares of TeraWulf in a report issued on Wednesday, December 4th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn ($0.19) per share for the year, down from their previous estimate of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.16) per share. Northland Capmk also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.06) EPS.

Several other equities analysts have also recently commented on WULF. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research report on Thursday. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Northland Securities raised their target price on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley reissued a “buy” rating and set a $6.00 price target on shares of TeraWulf in a report on Monday, October 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $8.07.

TeraWulf Stock Up 5.3 %

WULF opened at $8.12 on Monday. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30. The company has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $4.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in TeraWulf by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock worth $3,081,000 after acquiring an additional 64,634 shares during the period. Tidal Investments LLC increased its position in shares of TeraWulf by 1,389.8% during the third quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock worth $4,065,000 after acquiring an additional 810,382 shares in the last quarter. Virtu Financial LLC acquired a new position in TeraWulf during the 3rd quarter valued at about $434,000. Geode Capital Management LLC grew its stake in shares of TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after acquiring an additional 820,354 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of TeraWulf by 419.7% in the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after acquiring an additional 343,016 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.

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.