TeraWulf Inc. (NASDAQ:WULF – Get Free Report) saw some unusual options trading activity on Monday. Traders purchased 61,641 call options on the company. This represents an increase of 84% compared to the typical volume of 33,504 call options.
Analyst Ratings Changes
Several brokerages recently issued reports on WULF. B. Riley restated a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a research report on Monday, August 26th. Needham & Company LLC started coverage on TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price target for the company. Roth Capital upgraded TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities boosted their price target on TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Roth Mkm reiterated a “buy” rating and issued a $6.50 price target on shares of TeraWulf in a report on Monday, July 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.71.
Read Our Latest Analysis on TeraWulf
Institutional Inflows and Outflows
TeraWulf Trading Up 9.6 %
NASDAQ:WULF traded up $0.43 during trading hours on Monday, reaching $4.93. 20,855,377 shares of the company’s stock were exchanged, compared to its average volume of 19,960,898. TeraWulf has a 12 month low of $0.89 and a 12 month high of $6.51. The business’s 50-day simple moving average is $4.37 and its two-hundred day simple moving average is $3.39.
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million during the quarter, compared to analysts’ expectations of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. On average, research analysts anticipate that TeraWulf will post -0.11 EPS for the current fiscal year.
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.
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