TeraWulf Inc (NASDAQ:WULF)’s traded shares stood at 27.11 million during the last session, with the company’s beta value hitting 2.58. At the close of trading, the stock’s price was $7.71, to imply a decrease of -5.05% or -$0.41 in intraday trading. The WULF share’s 52-week high remains $9.30, putting it -20.62% down since that peak but still an impressive 83.92% since price per share fell to its 52-week low of $1.24. The company has a valuation of $2.98B, with an average of 23.37 million shares in intraday trading volume over the past 10 days and average of 24.70 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for TeraWulf Inc (WULF), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give WULF a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
TeraWulf Inc (NASDAQ:WULF) trade information
After registering a -5.05% downside in the last session, TeraWulf Inc (WULF) has traded red over the past five days. The 5-day price performance for the stock is 5.76%, and 24.15% over 30 days. With these gigs, the year-to-date price performance is 221.25%. Short interest in TeraWulf Inc (NASDAQ:WULF) saw shorts transact 54.72 million shares and set a 1.73 days time to cover.
The extremes give us $6 and $11 for target low and target high price respectively. As such, WULF has been trading -42.67% off suggested target high and 22.18% from its likely low.
TeraWulf Inc (WULF) estimates and forecasts
Looking at statistics comparing TeraWulf Inc share performance against respective industry, we note that the company has outperformed competitors. TeraWulf Inc (WULF) shares are 140.19% up over the last 6 months, with its year-to-date growth rate higher than industry average at 54.29% against 7.70%. The rating firms project that company’s revenue will grow 106.25% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 37.71M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 54.97M.Earnings reports from the last fiscal year show that sales brought in 23.29M and 42.43M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 61.96% before jumping 29.56% in the following quarter.
WULF Dividends
TeraWulf Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
TeraWulf Inc (NASDAQ:WULF)’s Major holders
TeraWulf Inc insiders hold 28.53% of total outstanding shares, with institutional holders owning 46.17% of the shares at 64.61% float percentage. In total, 46.17% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.53 million shares (or 6.7196% of shares), all amounting to roughly $86.9 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 18.2 million shares, or about 6.2628% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $80.99 million.
