Reviewing The Case For TeraWulf Inc (WULF) Going Higher

Currently, there are 276.73M common shares owned by the public and among those 275.90M shares have been available to trade.

The company’s stock has a 5-day price change of 22.33% and 147.74% over the past three months. WULF shares are trading 105.42% year to date (YTD), with the 12-month market performance up to 137.02% higher. It has a 12-month low price of $0.89 and touched a high of $6.51 over the same period. WULF has an average intraday trading volume of 23.24 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 24.62%, 8.27%, and 88.34% respectively.

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Institutional ownership of TeraWulf Inc (NASDAQ: WULF) shares accounts for 44.68% of the company’s 276.73M shares outstanding.

It has a market capitalization of $1.89B and a beta (3y monthly) value of 2.58. The earnings-per-share (ttm) stands at -$0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.88% over the week and 11.83% over the month.

Earnings per share for the fiscal year are expected to increase by 71.43%, and 205.00% over the next financial year.

Looking at the support for the WULF, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on August 14, 2024, with the firm’s price target at $5. ROTH MKM coverage for the TeraWulf Inc (WULF) stock in a research note released on July 02, 2024 offered a Buy rating with a price target of $6.50. Cantor Fitzgerald was of a view on June 11, 2024 that the stock is Overweight, while Rosenblatt gave the stock Buy rating on April 09, 2024, issuing a price target of $4.20. Stifel on their part issued Buy rating on October 18, 2023.

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