TeraWulf Inc (NASDAQ:WULF) Shares Jumped 11.32% In A Week. Can It Continue Rising?

In last trading session, TeraWulf Inc (NASDAQ:WULF) saw 47.84 million shares changing hands with its beta currently measuring 2.56. Company’s recent per share price level of $7.67 trading at $1.46 or 23.51% at ring of the bell on the day assigns it a market valuation of $2.93B. That closing price of WULF’s stock is at a premium of 5.08% from its 52-week high price of $7.28 and is indicating a premium of 88.4% 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 32.79 million shares which gives us an average trading volume of 22.26 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.

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TeraWulf Inc (NASDAQ:WULF) trade information

Upright in the green during last session for gaining 23.51%, in the last five days WULF remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $7.67 price level, adding 0.13% to its value on the day. TeraWulf Inc’s shares saw a change of 219.58% in year-to-date performance and have moved 11.32% in past 5-day. TeraWulf Inc (NASDAQ:WULF) showed a performance of 96.16% in past 30-days. Number of shares sold short was 47.7 million shares which calculate 2.37 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a fall of -27.83% to its current value. 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 60.89% in reaching the projected high whereas dropping to the targeted low would mean a gain of 60.89% 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 229.18% of value to its shares in past 6 months, showing an annual growth rate of 71.43% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

TeraWulf Inc (NASDAQ:WULF)’s Major holders

Insiders are in possession of 28.23% of company’s total shares while institution are holding 47.41 percent of that, with stock having share float percentage of 66.06%. Investors also watch the number of corporate investors in a company very closely, which is 47.41% 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.