Analyst Expect Big Moves From TeraWulf Inc (NASDAQ: WULF)

Currently, there are 145.49M common shares owned by the public and among those 145.12M shares have been available to trade.

Insiders at the company have transacted a total of 76 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 22 occasions, with total insider shares sold totaling 27,084,536 shares.

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The company’s stock has a 5-day price change of -17.48% and 87.96% over the past three months. WULF shares are trading -15.42% year to date (YTD), with the 12-month market performance up to 194.29% 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 21.47 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 1.17%, 4.62%, and 11.78% respectively.

Institutional ownership of TeraWulf Inc (NASDAQ: WULF) shares accounts for 25.97% of the company’s 145.49M shares outstanding.

It has a market capitalization of $489.05M and a beta (3y monthly) value of 2.27. 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 10.54% over the week and 11.40% 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 $0.01 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 55.77%, and 104.35% over the next financial year.

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. Compass Point coverage for the TeraWulf Inc (WULF) stock in a research note released on September 07, 2023 offered a Buy rating with a price target of $3. Cantor Fitzgerald was of a view on July 28, 2023 that the stock is Overweight, while Northland Capital gave the stock Outperform rating on July 11, 2023, issuing a price target of $4.25. B. Riley Securities on their part issued Buy rating on March 25, 2022.

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