With over 26.06 million TeraWulf Inc (WULF) shares trading Friday and a closing price of $1.70 on the day, the dollar volume was approximately $44.31 million. The shares have shown a negative half year performance of -51.70% and its price on 01/12/24 lost nearly -11.46%. Currently, there are 240.91M common shares owned by the public and among those 145.98M shares have been available to trade.
Insiders at the company have transacted a total of 77 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 23 occasions, with total insider shares sold totaling 39,084,536 shares.
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Shares of TeraWulf Inc (NASDAQ: WULF) opened at $1.84, down -$0.08 from a prior closing price of $1.92. However, the script later moved the day high at 1.8575, down -11.46%. The company’s stock has a 5-day price change of -11.92% and 66.67% over the past three months. WULF shares are trading -29.17% year to date (YTD), with the 12-month market performance up to 125.20% 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 16.07 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 -19.77%, 7.87%, and -2.75% respectively.
Institutional ownership of TeraWulf Inc (NASDAQ: WULF) shares accounts for 19.25% of the company’s 240.91M shares outstanding.
It has a market capitalization of $409.55M and a beta (3y monthly) value of 2.24. 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 18.44% over the week and 16.76% 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 62.05%, and 102.03% 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.
