Can You Get A Quick Recovery From TeraWulf Inc (NASDAQ: WULF) Given A -11.66% drop From High?

During the last session, TeraWulf Inc (NASDAQ:WULF)’s traded shares were 23.27 million, with the beta value of the company hitting 2.58. At the end of the trading day, the stock’s price was $6.52, reflecting an intraday loss of -5.37% or -$0.37. The 52-week high for the WULF share is $7.28, that puts it down -11.66 from that peak though still a striking 86.35% gain since the share price plummeted to a 52-week low of $0.89. The company’s market capitalization is $2.49B, and the average intraday trading volume over the past 10 days was 37.43 million shares, and the average trade volume was 22.27 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.

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TeraWulf Inc (NASDAQ:WULF) trade information

TeraWulf Inc (WULF) registered a -5.37% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.37% in intraday trading to $6.52, hitting a weekly high. The stock’s 5-day price performance is 4.99%, and it has moved by 49.54% in 30 days. Based on these gigs, the overall price performance for the year is 487.39%. The short interest in TeraWulf Inc (NASDAQ:WULF) is 47.7 million shares and it means that shorts have 2.37 day(s) to cover.

The consensus price target of analysts on Wall Street is $6, which implies a decrease of -8.67% 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 -53.37% off the target high and 53.99% 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 200.46% during the last six months, with a year-to-date growth rate more than the industry average at 71.43% against 10.70.

While earnings are projected to return 68.16% in 2024.

WULF Dividends

TeraWulf Inc is due to release its next quarterly earnings in December. 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 28.23% of total outstanding shares while institutional holders control 45.88%, with the float percentage being 63.93%. VANGUARD GROUP INC is the largest shareholder of the company, while 269.0 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.