The Vanguard Group, Inc. recently announced the acquisition of new stake in TeraWulf Inc. (NASDAQ:WULF). The institutional investor has increased its shareholding in the Financial company by 15.03% to 2.57 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 1.48% valued currently at $1.66 million. In addition, Paloma Partners Management Co. raised its holdings by 2.05 million to 2.05 million shares. And BlackRock Fund Advisors has lifted its position by 16.44% or 0.23 million shares – to 1.64 million shares.
With over 2.1 million TeraWulf Inc. (WULF) shares trading Tuesday and a closing price of $0.61 on the day, the dollar volume was approximately $1.28 million. The shares have shown a negative half year performance of -51.02% and its price on 03/14/23 lost nearly -4.48%. Currently, there are 108.84M common shares owned by the public and among those 48.85M shares have been available to trade.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for WULF have a consensus price objective of $1.60. The analysts have set the share’s price value over the next 12 months at a high of $1.60 and a low of $1.60. The average price target is 69.5% above its recent price level and an upside to the estimated low will see the stock gain 61.88% over that period. But an upside of 61.88% will see the stock hit the forecast high price target while median target price for the stock is $1.60.
Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 11,220,378 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 32,303,402 shares.
The top 3 mutual fund holders in TeraWulf Inc. are Vanguard Total Stock Market Index, VanEck Digital Transformation ETF, and VanEck UCITS ETFs Plc – Crypto &. Vanguard Total Stock Market Index owns 1.99 million shares of the company’s stock, all valued at over $1.29 million. VanEck UCITS ETFs Plc – Crypto & bought 9978.0 shares to bring its total holdings to over 0.74 million shares at a value of $0.48 million. VanEck UCITS ETFs Plc – Crypto & now owns shares totaling to 0.43% of the shares outstanding.
Shares of TeraWulf Inc. (NASDAQ: WULF) opened at $0.65, up $0.01 from a prior closing price of $0.64. However, the script later moved the day high at 0.6798, down -4.48%. The company’s stock has a 5-day price change of -10.69% and -49.81% over the past three months. WULF shares are trading -8.76% year to date (YTD), with the 12-month market performance down to -93.61% lower. It has a 12-month low price of $0.55 and touched a high of $9.95 over the same period. WULF has an average intraday trading volume of 1.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.37%, -19.05%, and -50.65% respectively.
Institutional ownership of TeraWulf Inc. (NASDAQ: WULF) shares accounts for 6.60% of the company’s 108.84M shares outstanding. Mutual fund holders own 3.92%, while other institutional holders and individual stakeholders account for 47.83% and 3.16% respectively.
It has a market capitalization of $113.35M and a beta (3y monthly) value of 1.69. The earnings-per-share (ttm) stands at -$0.33. The company has a debt-to-equity ratio at 1.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.83% over the week and 11.10% over the month.
Analysts forecast that TeraWulf Inc. (WULF) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -141.50%, and 121.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate TeraWulf Inc. (WULF) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WULF, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on March 25, 2022, with the firm’s price target at $24.
Leave a Reply