TeraWulf Inc (NASDAQ:WULF) has a beta value of 2.64 and has seen 10.99 million shares traded in the recent trading session. The company, currently valued at $2.79B, closed the recent trade at $6.34 per share which meant it gained $0.12 on the day or 2.01% during that session. The WULF stock price is -46.69% off its 52-week high price of $9.30 and 80.44% 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 28.54 million shares traded. The 3-month trading volume is 27.32 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. The expected earnings per share for the stock is -0.02.
TeraWulf Inc (NASDAQ:WULF) trade information
Sporting 2.01% in the green today, 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 $6.34 or saw a rise of 3.21%. Year-to-date, TeraWulf Inc shares have moved 12.10%, while the 5-day performance has seen it change 14.74%. Over the past 30 days, the shares of TeraWulf Inc (NASDAQ:WULF) have changed -21.86%. Short interest in the company has seen 56.24 million shares shorted with days to cover at 2.3.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 36.6% from the levels at last check today. 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 latest price level in today’s session is -73.5% off the targeted high while a plunge would see the stock lose 5.36% from the levels at last check today.
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 16.00% over the past 6 months, with this year growth rate of 51.43%, compared to 8.60% for the industry. Revenue growth from the last financial year stood is estimated to be 105.32%.
9 analysts offering their estimates for the company have set an average revenue estimate of 37.03M for the current quarter. 7 have an estimated revenue figure of 55.82M for the next ending quarter. Year-ago sales stood 23.29M and 42.43M respectively for this quarter and the next, and analysts expect sales will grow by 59.02% for the current quarter and 105.32% for the next.
WULF Dividends
TeraWulf Inc is expected to release its next earnings report in February 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 27.75% of the company shares, while shares held by institutions stand at 45.65% with a share float percentage of 63.18%. Investors are also buoyed by the number of investors in a company, with TeraWulf Inc having a total of 291.0 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.
