During the last session, TeraWulf Inc (NASDAQ:WULF)’s traded shares were 24.05 million, with the beta value of the company hitting 2.56. At the end of the trading day, the stock’s price was $7.20, reflecting an intraday loss of -2.44% or -$0.18. The 52-week high for the WULF share is $9.30, that puts it down -29.17 from that peak though still a striking 85.97% gain since the share price plummeted to a 52-week low of $1.01. The company’s market capitalization is $2.78B, and the average intraday trading volume over the past 10 days was 28.3 million shares, and the average trade volume was 23.62 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 -2.44% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.44% in intraday trading to $7.20, hitting a weekly high. The stock’s 5-day price performance is -1.97%, and it has moved by 10.26% in 30 days. Based on these gigs, the overall price performance for the year is 531.58%. The short interest in TeraWulf Inc (NASDAQ:WULF) is 59.47 million shares and it means that shorts have 2.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.25, which implies a decrease of -15.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $11 respectively. As a result, WULF is trading at a discount of -52.78% off the target high and 58.33% 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 233.33% during the last six months, with a year-to-date growth rate more than the industry average at 54.29% against 8.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -51.52% this quarter and then jump 70.64% in the quarter after that. In the rating firms’ projections, revenue will increase 105.89% 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 37.54M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 53.34M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 23.29M and 42.43M respectively. In this case, analysts expect current quarter sales to grow by 61.21% and then jump by 25.71% in the coming quarter.
While earnings are projected to return 56.79% 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 28.53% of total outstanding shares while institutional holders control 45.56%, with the float percentage being 63.76%. VANGUARD GROUP INC is the largest shareholder of the company, while 287.0 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.
