TeraWulf (NASDAQ:WULF) Stock Rating Lowered by Stifel Canada

TeraWulf (NASDAQ:WULF) was downgraded by investment analysts at Stifel Canada from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Several other brokerages have also recently commented on WULF. Roth Mkm reiterated a “buy” rating and issued a $6.50 price target on shares of TeraWulf in a research report on Monday, July 8th. Roth Capital raised TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of TeraWulf in a report on Tuesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Thursday, October 3rd. Finally, Needham & Company LLC initiated coverage on shares of TeraWulf in a research note on Wednesday, September 4th. They set a “buy” rating and a $6.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $6.17.

TeraWulf Stock Up 3.0 %

TeraWulf stock opened at $6.89 on Tuesday. The stock’s 50 day moving average is $4.77 and its 200-day moving average is $3.98. TeraWulf has a 12 month low of $0.89 and a 12 month high of $7.28.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. The firm had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. Research analysts predict that TeraWulf will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the last quarter. Aspect Partners LLC bought a new stake in shares of TeraWulf during the third quarter worth $26,000. Price T Rowe Associates Inc. MD lifted its stake in shares of TeraWulf by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after acquiring an additional 6,450 shares during the last quarter. Sippican Capital Advisors boosted its holdings in shares of TeraWulf by 31.2% during the 3rd quarter. Sippican Capital Advisors now owns 27,150 shares of the company’s stock valued at $127,000 after acquiring an additional 6,450 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new stake in shares of TeraWulf during the 2nd quarter valued at $44,000. Institutional investors and hedge funds 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.