TeraWulf Inc. (WULF) Is Up 17.05%, As Bears Mark A Gain

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TeraWulf Inc (NASDAQ:WULF) has a beta value of 2.59 and has seen 35.46 million shares traded in the last trading session. The company, currently valued at $2.97B, closed the last trade at $8.24 per share which meant it gained $1.2 on the day or 17.05% during that session. The WULF stock price is -12.86% off its 52-week high price of $9.30 and 84.95% above the 52-week low of $1.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.37 million shares traded. The 3-month trading volume is 25.56 million shares.

The consensus among analysts is that TeraWulf Inc (WULF) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.

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TeraWulf Inc (NASDAQ:WULF) trade information

Sporting 17.05% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WULF stock price touched $8.24 or saw a rise of 1.67%. Year-to-date, TeraWulf Inc shares have moved 243.33%, while the 5-day performance has seen it change 13.03%. Over the past 30 days, the shares of TeraWulf Inc (NASDAQ:WULF) have changed 18.65%. Short interest in the company has seen 56.53 million shares shorted with days to cover at 2.12.

Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could drop -26.77% from current levels. The projected low price target is $6.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -33.5% off the targeted high while a plunge would see the stock lose 27.18% from current levels.

TeraWulf Inc (WULF) estimates and forecasts

Figures show that TeraWulf Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 87.70% over the past 6 months, with this year growth rate of 51.43%, compared to 8.00% for the industry.

WULF Dividends

TeraWulf Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

TeraWulf Inc (NASDAQ:WULF)’s Major holders

Insiders own 28.53% of the company shares, while shares held by institutions stand at 46.17% with a share float percentage of 64.60%. Investors are also buoyed by the number of investors in a company, with TeraWulf Inc having a total of 288.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 19.53 million shares worth more than $86.9 million. As of 2024-06-30, VANGUARD GROUP INC held 6.7196% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 18.2 million shares as of 2024-06-30. The firm’s total holdings are worth over $80.99 million and represent 6.2628% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.68% shares in the company for having 10.34 shares of worth $85.22 million while later fund manager owns 6.09 shares of worth $50.16 million as of Sep 30, 2024 , which makes it owner of about 1.58% of company’s outstanding stock.