In today’s recent session, 7.63 million shares of the TeraWulf Inc (NASDAQ:WULF) have been traded, and its beta is 2.64. Most recently the company’s share price was $6.03, and it changed around -$0.37 or -5.70% from the last close, which brings the market valuation of the company to $2.33B. WULF at last check was trading at a discount to its 52-week high of $9.30, offering almost -54.23% off that amount. The share price’s 52-week low was $1.24, which indicates that the recent value has risen by an impressive 79.44% since then. We note from TeraWulf Inc’s average daily trading volume that its 10-day average is 36.26 million shares, with the 3-month average coming to 29.78 million.
TeraWulf Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.18. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended WULF as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. TeraWulf Inc is expected to report earnings per share of -0.02 for the current quarter.
TeraWulf Inc (NASDAQ:WULF) trade information
Instantly WULF has been showing red trend so far today with a performance of -5.70% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.66 on recent trading dayincreased the stock’s daily price by 9.46%. The company’s shares are currently up 6.63% year-to-date, but still up 16.06% over the last five days. On the other hand, TeraWulf Inc (NASDAQ:WULF) is -26.40% down in the 30-day period. We can see from the shorts that 59.73 million shares have been sold at a short interest cover period of 2.37 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 39.7% from its current value. Analyst projections state that WULF is forecast to be at a low of $6 and a high of $11.
TeraWulf Inc (WULF) estimates and forecasts
TeraWulf Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.96 percent over the past six months and at a 54.29% annual growth rate that is well above the industry average of 6.60%. The year-over-year growth rate is expected to be 106.06%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 37.36M in revenue for the current quarter. 7 analysts expect TeraWulf Inc to make 56.39M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 23.29M and 42.43M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 60.44%. Forecasts for the next quarter put sales growth at 32.88%.
WULF Dividends
TeraWulf Inc’s next quarterly earnings report is expected to be released in February.
TeraWulf Inc (NASDAQ:WULF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.43% of TeraWulf Inc shares, and 46.48% of them are in the hands of institutional investors. The stock currently has a share float of 64.95%. TeraWulf Inc stock is held by 303.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.7196% of the shares, which is about 19.53 million shares worth $86.9 million.
BLACKROCK INC., with 6.2628% or 18.2 million shares worth $80.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 10.34 shares worth $62.62 million, making up 2.68% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 6.07 shares worth around $36.78 million, which represents about 1.57% of the total shares outstanding.
