TeraWulf Inc [NASDAQ: WULF] loss -2.56% or -0.13 points to close at $4.94 with a heavy trading volume of 17381658 shares.
The daily chart for WULF points out that the company has recorded 87.83% gains over the past six months.
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If we look at the average trading volume of 20.19M shares, WULF reached to a volume of 17381658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $7.07 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.
Needham have made an estimate for TeraWulf Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Buy. The new note on the price target was released on August 14, 2024, representing the official price target for TeraWulf Inc stock. Previously, the target price had yet another raise to $6.50, while ROTH MKM analysts kept a Buy rating on WULF stock. On June 11, 2024, analysts increased their price target for WULF shares from 4 to 7.
The Average True Range (ATR) for TeraWulf Inc is set at 0.46, with the Price to Sales ratio for WULF stock in the period of the last 12 months amounting to 15.72. The Price to Book ratio for the last quarter was 4.91, with the Price to Cash per share for the same quarter was set at 0.27.
Trading performance analysis for WULF stock
TeraWulf Inc [WULF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.78. With this latest performance, WULF shares gained by 18.18% in over the last four-week period, additionally plugging by 87.83% over the last 6 months – not to mention a rise of 292.06% 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 57.84, with the RSI for the last a single of trading hit 59.84, and the three-weeks RSI is set at 56.13 for TeraWulf Inc [WULF]. The present Moving Average for the last 50 days of trading for this stock 4.32, while it was recorded at 5.08 for the last single week of trading, and 3.02 for the last 200 days.
TeraWulf Inc [WULF]: A deeper dive into fundamental analysis
TeraWulf Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
An analysis of Institutional ownership at TeraWulf Inc [WULF]
There are presently around $45.22%, or 61.29%% of WULF stock, in the hands of institutional investors. The top three institutional holders of WULF stocks are: VANGUARD GROUP INC with ownership of 19.53 million shares, which is approximately 6.7196%. BLACKROCK INC., holding 18.2 million shares of the stock with an approximate value of $$80.99 million in WULF stocks shares; and BLACKROCK INC., currently with $$31.7 million in WULF stock with ownership which is approximately 2.4509%.
