FY2024 Earnings Estimate for TeraWulf Issued By Roth Capital

TeraWulf Inc. (NASDAQ:WULF) – Stock analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of TeraWulf in a note issued to investors on Monday, January 6th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.18) per share for the year, down from their previous forecast of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Roth Capital also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.05) EPS and Q4 2025 earnings at $0.04 EPS.

A number of other equities research analysts have also issued reports on the stock. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. B. Riley increased their price objective on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC boosted their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. Finally, Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research report on Sunday. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 5.7 %

Shares of NASDAQ WULF opened at $6.13 on Wednesday. The stock has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $5.48. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after buying an additional 1,704,013 shares during the period. State Street Corp grew its holdings in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the period. Intech Investment Management LLC acquired a new position in TeraWulf during the third quarter worth $340,000. Barclays PLC increased its holdings in TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after acquiring an additional 343,016 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of TeraWulf by 97.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock worth $3,757,000 after purchasing an additional 417,369 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.