FY2024 Earnings Estimate for TeraWulf Issued By Roth Capital

TeraWulf Inc. (NASDAQ:WULF) – Equities research analysts at Roth Capital dropped their FY2024 earnings per share estimates for TeraWulf in a research note issued on Monday, January 6th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of ($0.18) for the year, down from their previous forecast of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Roth Capital also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.05) EPS and Q4 2025 earnings at $0.04 EPS.

A number of other brokerages also recently commented on WULF. B. Riley lifted their price objective on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday. Finally, Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 10.1 %

TeraWulf stock opened at $5.51 on Wednesday. The company has a fifty day simple moving average of $6.94 and a 200-day simple moving average of $5.48. TeraWulf has a 52-week low of $1.24 and a 52-week high of $9.30.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently modified their holdings of WULF. Bank of New York Mellon Corp grew 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 purchasing an additional 417,369 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of TeraWulf by 75.6% during the second quarter. Principal Financial Group Inc. now owns 30,529 shares of the company’s stock worth $136,000 after purchasing an additional 13,142 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of TeraWulf by 66.8% in the 2nd quarter. Rhumbline Advisers now owns 299,545 shares of the company’s stock worth $1,333,000 after acquiring an additional 119,911 shares during the period. Arizona State Retirement System purchased a new stake in shares of TeraWulf in the second quarter valued at about $282,000. Finally, Cowen AND Company LLC acquired a new position in shares of TeraWulf during the second quarter worth about $89,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

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.