B. Riley Research Analysts Reduce Earnings Estimates for TeraWulf Inc. (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULFFree Report) – Equities research analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for TeraWulf in a report released on Monday, June 17th. B. Riley analyst L. Pipes now forecasts that the company will earn ($0.05) per share for the year, down from their prior forecast of ($0.02). B. Riley has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.08) per share. B. Riley also issued estimates for TeraWulf’s Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS and FY2025 earnings at ($0.10) EPS.

Several other equities analysts have also commented on the stock. Rosenblatt Securities began coverage on shares of TeraWulf in a report on Tuesday, April 9th. They set a “buy” rating and a $4.20 target price on the stock. Compass Point reduced their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Cantor Fitzgerald began coverage on TeraWulf in a report on Tuesday, June 11th. They set an “overweight” rating and a $7.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $4.16.

Check Out Our Latest Research Report on WULF

TeraWulf Price Performance

WULF stock opened at $4.63 on Wednesday. TeraWulf has a one year low of $0.89 and a one year high of $4.82. The company’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.19.

TeraWulf (NASDAQ:WULFGet Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The firm had revenue of $42.43 million for the quarter, compared to analysts’ expectations of $41.86 million. TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%.

Institutional Trading of TeraWulf

Large investors have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at about $29,000. Apollon Wealth Management LLC bought a new stake in TeraWulf during the 4th quarter valued at approximately $27,000. Partners Capital Investment Group LLP purchased a new position in shares of TeraWulf during the 4th quarter worth approximately $29,000. Global Retirement Partners LLC bought a new position in shares of TeraWulf in the 4th quarter worth approximately $30,000. Finally, Regatta Capital Group LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at approximately $31,000. Institutional investors own 62.49% of the company’s stock.

Insider Transactions at TeraWulf

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the transaction, the treasurer now owns 337,245 shares in the company, valued at approximately $1,096,046.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.88% of the stock is currently owned by company insiders.

About TeraWulf

(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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Earnings History and Estimates for TeraWulf (NASDAQ:WULF)

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