TeraWulf Inc (NASDAQ: WULF) Loses -14.25% From High. Why That Could Change?

Currently, there are 276.73M common shares owned by the public and among those 239.50M shares have been available to trade.

The company’s stock has a 5-day price change of 7.10% and 69.20% over the past three months. WULF shares are trading 85.42% year to date (YTD), with the 12-month market performance up to 157.23% higher. It has a 12-month low price of $0.89 and touched a high of $5.19 over the same period. WULF has an average intraday trading volume of 18.96 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 23.25%, 59.99%, and 126.73% respectively.

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Institutional ownership of TeraWulf Inc (NASDAQ: WULF) shares accounts for 21.46% of the company’s 276.73M shares outstanding.

It has a market capitalization of $1.49B and a beta (3y monthly) value of 2.62. The earnings-per-share (ttm) stands at -$0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.93% over the week and 13.12% over the month.

Earnings per share for the fiscal year are expected to increase by 95.43%, and 1212.50% over the next financial year.

Looking at the support for the WULF, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on June 11, 2024, with the firm’s price target at $4-$7. Rosenblatt coverage for the TeraWulf Inc (WULF) stock in a research note released on April 09, 2024 offered a Buy rating with a price target of $4.20. Stifel was of a view on October 18, 2023 that the stock is Buy, while Compass Point gave the stock Buy rating on September 07, 2023, issuing a price target of $3. Cantor Fitzgerald on their part issued Overweight rating on July 28, 2023.

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