BlackRock Fund Advisors has recently announced that it has increased stake in TeraWulf Inc. (NASDAQ:WULF) by 2.11%. After grabbing 1.44 million shares, the institutional investor is now in possession of 29653.0 shares of the Financial Company. The new investment brought the stake of investor firm to 1.35% having worth around $1.64 million. Moreover, P. Schoenfeld Asset Management LP increased its share by 0.73 million to have a control over 0.76 million shares. And Van Eck Associates Corp. raised its holdings to 0.18 million shares by acquiring 0.53 million shares or 0.50% of the stake.
TeraWulf Inc. (WULF) concluded trading on 11/23/22 at a closing price of $0.93, with 0.5 million shares of worth about $0.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.35% during that period and on Wednesday the price saw a gain of about 33.59%. Currently the company’s common shares owned by public are about 104.12M shares, out of which, 27.19M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the WULF stock and their offered price forecasts bring an average price target of $5.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.00 and could fall to a lowest price of $5.00. The stock’s current price level is 81.4% above of average price target set by the analysts, while a rise to estimated low would result in gain of 81.4% for the stock. However, touching the estimated high of $5.00 would mean a gain of 81.4% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 59,998,684 shares in 35 of the transactions. In 20 selling transactions, insiders dumped 8,413,463 shares.
Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Information Technology I are the top 3 mutual funds which are holding stakes in TeraWulf Inc. Vanguard Total Stock Market Index is currently holding 1.71 million shares of worth totaling $1.95 million. The company recently came buying 19871.0 shares which brought its stake up to 1.60% of the company’s outstanding shares. iShares Russell 2000 ETF sold 9416.0 shares, after which its hold over company’s outstanding shares shrunk to 0.48%, leaving 0.51 million shares with the mutual fund that have a worth of about $0.58 million. Vanguard Information Technology I, after buying 0.39 million shares, have now control over 0.37% of the stake in the company. It holds 1491.0 shares of worth $0.45 million.
TeraWulf Inc. (NASDAQ: WULF) started trading at $0.7267, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 0.9699, or with a gain of 33.59%. Stock saw a price change of -22.07% in past 5 days and over the past one month there was a price change of -34.23%. Year-to-date (YTD), WULF shares are showing a performance of -93.84% which decreased to -97.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $36.55 during that period. The average intraday trading volume for TeraWulf Inc. shares is 271.28K. The stock is currently trading -13.80% below its 20-day simple moving average (SMA20), while that difference is down -20.92% for SMA50 and it goes to -74.16% lower than SMA200.
BlackRock Fund Advisors acquired 1.44 million shares of TeraWulf Inc. having value of about $1.64 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 29653.0 shares in the company valued at close to $27577.29, or have control over 2.11% stake in the company. TeraWulf Inc. (NASDAQ: WULF) currently have 104.12M outstanding shares and institutions hold larger chunk of about 8.90% of that. Holding of mutual funds in the company is about 5.15% while other institutional holders and individual stake holders have control over 76.03% and 3.84% of the stake respectively.
The stock has a current market capitalization of $115.32M and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$0.45 in the same period. It has a debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WULF, volatility over the week remained 24.59% while standing at 15.59% over the month.
Analysts are in expectations that TeraWulf Inc. (WULF) stock would likely to be making an EPS of -$0.1 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.1 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -141.50% while it is estimated to increase by 147.40% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on March 25, 2022 offering a Buy rating for the stock and assigned a target price of $24 to it.