TeraWulf Inc [NASDAQ: WULF] stock went on a downward path that fall over -6.51% on Friday, amounting to a one-week price decrease of less than -13.30%.
Over the last 12 months, WULF stock rose by 331.90%. The one-year TeraWulf Inc stock forecast points to a potential upside of 27.57. The average equity rating for WULF stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.54 billion, with 382.63 million shares outstanding and 286.00 million shares in the current float. Compared to the average trading volume of 25.62M shares, WULF stock reached a trading volume of 16666488 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.72 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 0.78, with the Price to Sales ratio for WULF stock in the period of the last 12 months amounting to 19.79. The Price to Book ratio for the last quarter was 7.41, with the Price to Cash per share for the same quarter was set at 0.07.
WULF Stock Performance Analysis:
TeraWulf Inc [WULF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.30. With this latest performance, WULF shares dropped by -4.15% in over the last four-week period, additionally plugging by 79.59% over the last 6 months – not to mention a rise of 331.90% 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 48.97, with the RSI for the last a single of trading hit 46.45, and the three-weeks RSI is set at 50.82 for TeraWulf Inc [WULF]. The present Moving Average for the last 50 days of trading for this stock 6.56, while it was recorded at 7.16 for the last single week of trading, and 4.22 for the last 200 days.
Insight into TeraWulf Inc Fundamentals:
TeraWulf Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
TeraWulf Inc [WULF] Institutonal Ownership Details
There are presently around $46.17%, or 64.60%% 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%.
