Atb Cap Markets Comments on TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Atb Cap Markets issued their FY2024 EPS estimates for TeraWulf in a research note issued on Sunday, January 5th. Atb Cap Markets analyst M. Toner forecasts that the company will post earnings per share of ($0.14) for the year. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for TeraWulf’s FY2025 earnings at $0.11 EPS, FY2026 earnings at $0.36 EPS, FY2027 earnings at $0.66 EPS, FY2028 earnings at $0.62 EPS and FY2029 earnings at $0.87 EPS.

Several other research analysts have also recently commented on WULF. Keefe, Bruyette & Woods initiated coverage on TeraWulf in a research report on Wednesday. They issued a “market perform” rating for the company. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday, December 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research note on Monday. B. Riley increased their price objective on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC lifted their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $5.51 on Wednesday. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30. The business’s 50 day moving average is $6.94 and its 200-day moving average is $5.48.

Hedge Funds Weigh In On TeraWulf

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. State Street Corp raised its position in shares of TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of TeraWulf during the third quarter valued at $340,000. Barclays PLC lifted its stake in shares of TeraWulf by 419.7% during 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 during the period. Finally, Bank of New York Mellon Corp boosted its holdings in TeraWulf by 97.8% in the second quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock valued at $3,757,000 after acquiring an additional 417,369 shares during the last quarter. 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.