TeraWulf (NASDAQ:WULF) Rating Increased to Strong-Buy at Atb Cap Markets

TeraWulf (NASDAQ:WULF) was upgraded by analysts at Atb Cap Markets to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

WULF has been the topic of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a report on Thursday, December 5th. B. Riley boosted their price target on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Monday. Needham & Company LLC lifted their price objective on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Price Performance

Shares of TeraWulf stock traded down $0.05 during trading on Friday, hitting $6.45. 2,535,015 shares of the company’s stock traded hands, compared to its average volume of 28,192,348. The firm’s fifty day moving average price is $6.98 and its 200 day moving average price is $5.47. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WULF. Aspect Partners LLC acquired a new stake in TeraWulf in the 3rd quarter valued at about $26,000. Amalgamated Bank increased its holdings in shares of TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares in the last quarter. FMR LLC raised its position in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. KBC Group NV acquired a new position in TeraWulf during the 3rd quarter worth $39,000. Finally, Pekin Hardy Strauss Inc. bought a new position in TeraWulf in the 2nd quarter valued at $44,000. 62.49% of the stock is owned by institutional investors.

About TeraWulf

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.