During the last session, TeraWulf Inc (NASDAQ:WULF)’s traded shares were 19.21 million, with the beta value of the company hitting 2.59. At the end of the trading day, the stock’s price was $3.93, reflecting an intraday gain of 2.88% or $0.11. The 52-week high for the WULF share is $6.51, that puts it down -65.65 from that peak though still a striking 77.35% gain since the share price plummeted to a 52-week low of $0.89. The company’s market capitalization is $1.50B, and the average intraday trading volume over the past 10 days was 18.59 million shares, and the average trade volume was 19.47 million shares over the past three months.
TeraWulf Inc (WULF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. WULF has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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TeraWulf Inc (NASDAQ:WULF) trade information
TeraWulf Inc (WULF) registered a 2.88% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.88% in intraday trading to $3.93, hitting a weekly high. The stock’s 5-day price performance is -16.56%, and it has moved by -11.09% in 30 days. Based on these gigs, the overall price performance for the year is 250.89%. The short interest in TeraWulf Inc (NASDAQ:WULF) is 42.61 million shares and it means that shorts have 2.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 34.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $10 respectively. As a result, WULF is trading at a discount of -154.45% off the target high and 23.66% off the low.
TeraWulf Inc (WULF) estimates and forecasts
Statistics show that TeraWulf Inc has outperformed its competitors in share price, compared to the industry in which it operates. TeraWulf Inc (WULF) shares have gone up 83.64% during the last six months, with a year-to-date growth rate more than the industry average at 71.43% against 8.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 127.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.28M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 45.52M by the end of current fiscal year.
While earnings are projected to return 68.57% in 2024.
WULF Dividends
TeraWulf Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
TeraWulf Inc (NASDAQ:WULF)’s Major holders
TeraWulf Inc insiders own 26.22% of total outstanding shares while institutional holders control 45.25%, with the float percentage being 61.33%. VANGUARD GROUP INC is the largest shareholder of the company, while 259.0 institutions own stock in it. As of 2024-06-30, the company held over 19.53 million shares (or 6.7196% of all shares), a total value of $86.9 million in shares.
The next largest institutional holding, with 18.2 million shares, is of BLACKROCK INC.’s that is approximately 6.2628% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $80.99 million.
