TeraWulf (NASDAQ:WULF) Stock Price Up 9.3%

TeraWulf Inc. (NASDAQ:WULF) traded up 9.3% during mid-day trading on Wednesday . The stock traded as high as $2.69 and last traded at $2.69. 10,587,047 shares were traded during trading, a decline of 49% from the average session volume of 20,847,094 shares. The stock had previously closed at $2.46.

Analyst Ratings Changes

WULF has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $4.00 target price on shares of TeraWulf in a research note on Thursday. Compass Point dropped their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Thursday, March 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $3.75.

TeraWulf Trading Down 2.6 %

The company’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $1.66.

Hedge Funds Weigh In On TeraWulf

A number of institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in TeraWulf by 202.0% in the first quarter. California State Teachers Retirement System now owns 26,137 shares of the company’s stock worth $25,000 after purchasing an additional 17,482 shares in the last quarter. Citigroup Inc. boosted its holdings in TeraWulf by 17,705.9% in the second quarter. Citigroup Inc. now owns 15,135 shares of the company’s stock worth $26,000 after acquiring an additional 15,050 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of TeraWulf during the fourth quarter valued at approximately $27,000. Partners Capital Investment Group LLP acquired a new position in TeraWulf during the fourth quarter worth $29,000. Finally, Franklin Resources Inc. bought a new position in TeraWulf in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Company Profile

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.