TeraWulf Inc [NASDAQ: WULF] traded at a high on Monday, posting a 4.47 gain after which it closed the day’ session at $2.57. The company report on March 19, 2024 at 4:05 PM that TeraWulf Reports Fourth Quarter and Full Year 2023 Results.
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Reports Realized Cost of Power of 3.2 Cents Per Kilowatt Hour in 2023, Outperforming Company Guidance of 3.5 Cents Per Kilowatt Hour by 9%.
The results of the trading session contributed to over 31310302 shares changing hands. Over the past one week, the price volatility of TeraWulf Inc stands at 18.54% while the volatility over the past one month is 14.46%.
The market cap for WULF stock reached $776.76 million, with 276.73 million shares outstanding and 179.04 million shares in the current float. Compared to the average trading volume of 22.66M shares, WULF reached a trading volume of 31310302 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TeraWulf Inc [WULF]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WULF shares is $3.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WULF stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for TeraWulf Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 18, 2023. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on September 07, 2023, representing the official price target for TeraWulf Inc stock. Previously, the target price had yet another raise to $4, while Cantor Fitzgerald analysts kept a Overweight rating on WULF stock.
The Average True Range (ATR) for TeraWulf Inc is set at 0.28, with the Price to Sales ratio for WULF stock in the period of the last 12 months amounting to 11.22. The Price to Book ratio for the last quarter was 3.34, with the Price to Cash per share for the same quarter was set at 0.19.
How has WULF stock performed recently?
TeraWulf Inc [WULF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.55. With this latest performance, WULF shares gained by 26.60% in over the last four-week period, additionally plugging by 86.23% over the last 6 months – not to mention a rise of 224.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WULF stock in for the last two-week period is set at 65.25, with the RSI for the last a single of trading hit 72.85, and the three-weeks RSI is set at 61.17 for TeraWulf Inc [WULF]. The present Moving Average for the last 50 days of trading for this stock 1.92, while it was recorded at 2.29 for the last single week of trading, and 1.86 for the last 200 days.
TeraWulf Inc [WULF]: Deeper insight into the fundamentals
TeraWulf Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Earnings analysis for TeraWulf Inc [WULF]
With the latest financial reports released by the company, TeraWulf Inc posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WULF.
Insider trade positions for TeraWulf Inc [WULF]
The top three institutional holders of WULF stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in WULF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in WULF stock with ownership which is approximately 5.8325%.
