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Boom Or Bust: What Are TeraWulf Inc.’s (NASDAQ:WULF) Future Prospects?

TeraWulf Inc. (NASDAQ:WULF)’s traded shares stood at 2.29 million during the last session, with the company’s beta value hitting 1.69. At the close of trading, the stock’s price was $0.56, to imply a decrease of -7.94% or -$0.05 in intraday trading. The WULF share’s 52-week high remains $9.80, putting it -1650.0% down since that peak but still an impressive 1.79% since price per share fell to its 52-week low of $0.55. The company has a valuation of $104.35M, with an average of 2.41 million shares in intraday trading volume over the past 10 days and average of 1.90 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for TeraWulf Inc. (WULF), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give WULF a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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TeraWulf Inc. (NASDAQ:WULF) trade information

After registering a -7.94% downside in the last session, TeraWulf Inc. (WULF) has traded red over the past five days. The stock hit a weekly high of 0.6888 this Wednesday, 03/15/23, dropping -7.94% in its intraday price action. The 5-day price performance for the stock is -16.99%, and -13.32% over 30 days. With these gigs, the year-to-date price performance is -16.00%. Short interest in TeraWulf Inc. (NASDAQ:WULF) saw shorts transact 2.03 million shares and set a 2.1 days time to cover.

Analysts on Wall Street suggest a consensus price target of $1.60, implying an increase of 65.0% to the stock’s current value. The extremes give us $1.60 and $1.60 for target low and target high price respectively. As such, WULF has been trading -185.71% off suggested target high and -185.71% from its likely low.

TeraWulf Inc. (WULF) estimates and forecasts

Revenue forecast for the current quarter as set by 1 analysts is $92.7 million.

WULF Dividends

TeraWulf Inc. has its next earnings report out between October 26 and October 31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. TeraWulf Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

TeraWulf Inc. (NASDAQ:WULF)’s Major holders

TeraWulf Inc. insiders hold 45.51% of total outstanding shares, with institutional holders owning 5.61% of the shares at 10.30% float percentage. In total, 5.61% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 2.25 million shares (or 1.55% of shares), all amounting to roughly $2.84 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 1.55 million shares, or about 1.07% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.95 million.

We also have Vanguard Total Stock Market Index Fund and VanEck ETF Trust-VanEck Digital Transformation ETF as the top two Mutual Funds with the largest holdings of the TeraWulf Inc. (WULF) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.69 million shares. This is just over 1.16% of the total shares, with a market valuation of $2.13 million. Data from the same date shows that the other fund manager holds a little less at 0.65 million, or 0.44% of the shares, all valued at about 0.43 million.

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