TeraWulf (NASDAQ:WULF) Sets New 1-Year High – Should You Buy?

TeraWulf Inc. (NASDAQ:WULF) shares hit a new 52-week high on Wednesday . The company traded as high as $18.03 and last traded at $17.54, with a volume of 46301667 shares trading hands. The stock had previously closed at $15.68.

Analyst Ratings Changes

WULF has been the subject of a number of research reports. Oppenheimer began coverage on shares of TeraWulf in a research note on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a report on Monday, December 29th. Citizens Jmp set a $22.00 target price on shares of TeraWulf in a research report on Wednesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a research note on Tuesday, February 3rd. Finally, Northland Securities set a $23.25 price target on TeraWulf in a research note on Wednesday, October 29th. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.31.

TeraWulf Stock Up 11.9%

The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average price is $13.82 and its 200-day moving average price is $12.69. The company has a market cap of $7.34 billion, a PE ratio of -12.35 and a beta of 3.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of TeraWulf by 37.4% in the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after acquiring an additional 9,162,958 shares during the last quarter. Voloridge Investment Management LLC bought a new position in TeraWulf during the 3rd quarter worth approximately $69,006,000. Wellington Management Group LLP increased its stake in TeraWulf by 36,193.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares during the period. Marshall Wace LLP lifted its position in TeraWulf by 574.2% in the fourth quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock valued at $36,609,000 after purchasing an additional 2,713,587 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after purchasing an additional 2,617,617 shares during the last quarter. 62.49% of the stock is owned by institutional investors.

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.