Michael Bucella Buys 4,178 Shares of TeraWulf (NASDAQ:WULF) Stock

by · The Markets Daily

TeraWulf Inc. (NASDAQ:WULF – Get Free Report) Director Michael Bucella purchased 4,178 shares of the stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $12.01 per share, with a total value of $50,177.78. Following the completion of the transaction, the director owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. This trade represents a 1.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TeraWulf Trading Up 0.4%

Shares of WULF stock traded up $0.07 on Thursday, hitting $15.83. The stock had a trading volume of 22,984,184 shares, compared to its average volume of 44,514,473. The company’s 50 day moving average price is $13.73 and its 200-day moving average price is $9.13. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $6.63 billion, a P/E ratio of -11.15 and a beta of 3.83.

TeraWulf (NASDAQ:WULF – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.09). The firm had revenue of $50.58 million during the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The firm’s quarterly revenue was up 86.9% on a year-over-year basis. Analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On TeraWulf

Several large investors have recently bought and sold shares of the business. Perigon Wealth Management LLC lifted its stake in TeraWulf by 12.4% in the third quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company’s stock valued at $129,000 after buying an additional 1,250 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of TeraWulf by 10.7% during the third quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock worth $152,000 after acquiring an additional 1,293 shares during the last quarter. Xponance Inc. increased its holdings in shares of TeraWulf by 7.3% in the 3rd quarter. Xponance Inc. now owns 22,215 shares of the company’s stock valued at $254,000 after acquiring an additional 1,503 shares during the period. Sei Investments Co. raised its position in TeraWulf by 5.2% in the 2nd quarter. Sei Investments Co. now owns 37,529 shares of the company’s stock valued at $164,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Comerica Bank boosted its stake in TeraWulf by 9.2% during the 3rd quarter. Comerica Bank now owns 24,439 shares of the company’s stock worth $279,000 after purchasing an additional 2,055 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Roth Capital increased their target price on shares of TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. Cantor Fitzgerald upped their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. JMP Securities set a $22.00 target price on TeraWulf in a report on Wednesday, October 29th. Oppenheimer started coverage on TeraWulf in a research note on Tuesday, October 28th. They set an “outperform” rating and a $20.00 target price for the company. Finally, Northland Securities set a $23.25 price target on TeraWulf in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.42.

Check Out Our Latest Report on WULF

TeraWulf Company Profile

(Get Free Report)

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.

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