FY2024 EPS Estimates for TeraWulf Cut by Northland Capmk

TeraWulf Inc. (NASDAQ:WULF) – Stock analysts at Northland Capmk reduced their FY2024 earnings per share estimates for shares of TeraWulf in a report issued on Wednesday, December 4th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of ($0.19) per share for the year, down from their previous estimate of ($0.17). The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Northland Capmk also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.06) EPS.

Other analysts also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Thursday, December 5th. Northland Securities upped their price objective on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Wednesday, December 4th. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, B. Riley reaffirmed a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $8.07.

TeraWulf Price Performance

TeraWulf stock opened at $6.72 on Monday. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30. The stock has a 50-day simple moving average of $6.41 and a 200-day simple moving average of $5.00.

Hedge Funds Weigh In On TeraWulf

Several institutional investors and hedge funds have recently added to or reduced their stakes in WULF. Price T Rowe Associates Inc. MD increased its position in TeraWulf by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after purchasing an additional 6,450 shares during the period. SG Americas Securities LLC grew its holdings in shares of TeraWulf by 260.8% in the 2nd quarter. SG Americas Securities LLC now owns 193,304 shares of the company’s stock worth $860,000 after acquiring an additional 139,722 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of TeraWulf in the 2nd quarter worth approximately $101,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TeraWulf by 20.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 457,175 shares of the company’s stock worth $2,034,000 after acquiring an additional 76,714 shares during the period. Finally, ARS Investment Partners LLC acquired a new stake in shares of TeraWulf in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.