TeraWulf Inc (NASDAQ:WULF) Stock Ripped 71.46% Year-To-Date, What Will Happen Next?

In recent trading session, TeraWulf Inc (NASDAQ:WULF) saw 6.57 million shares changing hands at last check today with its beta currently measuring 2.59. Company’s recent per share price level of $4.11 trading at $0.2 or 5.24% at last check today assigns it a market valuation of $1.57B. That most recent trading price of WULF’s stock is at a discount of -58.39% from its 52-week high price of $6.51 and is indicating a premium of 78.35% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.82 million shares which gives us an average trading volume of 22.76 million if we extend that period to 3-months.

For TeraWulf Inc (WULF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.

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TeraWulf Inc (NASDAQ:WULF) trade information

Upright in the green today for gaining 5.24%, in the last five days WULF remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $4.11 price level, adding 7.43% to its value on the day. TeraWulf Inc’s shares saw a change of 71.46% in year-to-date performance and have moved -1.56% in past 5-day. TeraWulf Inc (NASDAQ:WULF) showed a performance of 13.67% in past 30-days. Number of shares sold short was 44.54 million shares which calculate 2.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 31.5% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 27.01% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.01% for stock’s current value.

TeraWulf Inc (WULF) estimates and forecasts

Statistics highlight that TeraWulf Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 120.05% of value to its shares in past 6 months, showing an annual growth rate of 71.43% while that of industry is 8.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 124.10% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 34.4M for the same. And 5 analysts are in estimates of company making revenue of 42.71M in the next quarter.

TeraWulf Inc (NASDAQ:WULF)’s Major holders

Insiders are in possession of 26.47% of company’s total shares while institution are holding 45.16 percent of that, with stock having share float percentage of 61.42%. Investors also watch the number of corporate investors in a company very closely, which is 45.16% institutions for TeraWulf Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at WULF for having 19.53 million shares of worth $86.9 million. And as of 2024-06-30, it was holding 6.7196 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 18.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.2628 of outstanding shares, having a total worth of $80.99 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 8.51 shares of worth $35.03 million or 2.23% of the total outstanding shares. The later fund manager was in possession of 6.36 shares on Jul 31, 2024, making its stake of worth around $26.17 million in the company or a holder of 1.66% of company’s stock.