TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Rating of “Buy” from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULFGet Free Report) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.45.

A number of equities analysts have weighed in on WULF shares. Compass Point started coverage on shares of TeraWulf in a research note on Thursday, September 7th. They set a “buy” rating and a $3.00 target price for the company. Cantor Fitzgerald lowered their price objective on TeraWulf from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Tuesday, November 14th. B. Riley cut their target price on TeraWulf from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Stifel Nicolaus assumed coverage on TeraWulf in a report on Wednesday, October 18th. They set a “buy” rating and a $3.00 price target for the company. Finally, Stifel Canada reiterated a “speculative buy” rating on shares of TeraWulf in a research note on Tuesday, October 17th.

View Our Latest Analysis on TeraWulf

Hedge Funds Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Toroso Investments LLC lifted its position in TeraWulf by 30.3% during the third quarter. Toroso Investments LLC now owns 42,376 shares of the company’s stock valued at $53,000 after purchasing an additional 9,866 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of TeraWulf during the 3rd quarter valued at $65,000. Legal & General Group Plc boosted its stake in shares of TeraWulf by 1,763.3% in the 3rd quarter. Legal & General Group Plc now owns 95,700 shares of the company’s stock worth $121,000 after buying an additional 90,564 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of TeraWulf by 356.2% in the third quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company’s stock worth $1,260,000 after acquiring an additional 780,786 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in TeraWulf during the third quarter valued at $37,000. Institutional investors own 13.12% of the company’s stock.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $1.14 on Tuesday. TeraWulf has a 1 year low of $0.54 and a 1 year high of $4.04. The company has a 50-day moving average of $1.21 and a 200 day moving average of $1.81. The company has a current ratio of 0.12, a quick ratio of 0.18 and a debt-to-equity ratio of 0.34.

About TeraWulf

(Get Free Report

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites in New York and Pennsylvania. TeraWulf Inc was founded in 2021 and is based in Easton, Maryland.

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Analyst Recommendations for TeraWulf (NASDAQ:WULF)

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