With over 8.65 million TeraWulf Inc (WULF) shares trading Friday and a closing price of $1.24 on the day, the dollar volume was approximately $10.73 million. The shares have shown a negative half year performance of -16.49% and its price on 11/24/23 gained nearly 12.36%. Currently, there are 145.49M common shares owned by the public and among those 140.03M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for WULF have a consensus price objective of $3.30. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.00. The average price target is 62.42% above its recent price level and an upside to the estimated low will see the stock gain 58.67% over that period. But an upside of 69.0% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
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Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 33,163,082 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 35,390,588 shares.
However, the script later moved the day high at 1.2900, up 12.36%. The company’s stock has a 5-day price change of 20.00% and -34.78% over the past three months. WULF shares are trading 85.70% year to date (YTD), with the 12-month market performance up to 78.05% higher. It has a 12-month low price of $0.54 and touched a high of $4.04 over the same period. WULF has an average intraday trading volume of 6.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.75%, 4.51%, and -20.39% respectively.
Institutional ownership of TeraWulf Inc (NASDAQ: WULF) shares accounts for 19.44% of the company’s 145.49M shares outstanding.
It has a market capitalization of $294.42M and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.85% over the week and 11.94% over the month.
Analysts forecast that TeraWulf Inc (WULF) will achieve an EPS of -$0.03 for the current quarter, -$0.01 for the next quarter and -$0.06 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 62.01%, and 88.72% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate TeraWulf Inc (WULF) as a “Strong Buy” at a consensus score of 1.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WULF, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on October 18, 2023, with the firm’s price target at $3.
