BlackRock Fund Advisors recently announced the acquisition of new stake in TeraWulf Inc. (NASDAQ:WULF). The institutional investor has increased its shareholding in the Financial company by 105.58% to 3.37 million shares with purchase of 1.73 million shares. This fresh investment now brings its stake to 1.81% valued currently at $6.0 million. In addition, Van Eck Associates Corp. raised its holdings by 1.73 million to 2.85 million shares. And The Vanguard Group, Inc. has lifted its position by 15.03% or 0.34 million shares – to 2.57 million shares.
With over 2.13 million TeraWulf Inc. (WULF) shares trading Monday and a closing price of $1.63 on the day, the dollar volume was approximately $3.47 million. The shares have shown a positive half year performance of 45.54% and its price on 05/22/23 gained nearly 4.49%. Currently, there are 108.84M common shares owned by the public and among those 74.62M shares have been available to trade.
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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 $1.67. The analysts have set the share’s price value over the next 12 months at a high of $1.67 and a low of $1.67. The average price target is 18.5% above its recent price level and an upside to the estimated low will see the stock gain 2.4% over that period. But an upside of 2.4% will see the stock hit the forecast high price target while median target price for the stock is $1.67.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 44,376,007 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 33,069,864 shares.
The top 3 mutual fund holders in TeraWulf Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and VanEck UCITS ETFs Plc – Crypto &. Vanguard Total Stock Market ETF owns 4.94 million shares of the company’s stock, all valued at over $8.8 million. The company bought an additional 2.95 million shares recently to bring their total holdings to about 2.65% of the shares outstanding. iShares Russell 2000 ETF sold 22080.0 shares to see its total holdings shrink to 1.51 million shares valued at over $2.69 million and representing 0.81% of the shares outstanding. VanEck UCITS ETFs Plc – Crypto & bought 23950.0 shares to bring its total holdings to over 1.49 million shares at a value of $2.66 million. VanEck UCITS ETFs Plc – Crypto & now owns shares totaling to 0.80% of the shares outstanding.
Shares of TeraWulf Inc. (NASDAQ: WULF) opened at $1.54, down -$0.02 from a prior closing price of $1.56. However, the script later moved the day high at 1.7000, up 4.49%. The company’s stock has a 5-day price change of 3.16% and 142.16% over the past three months. WULF shares are trading 144.89% year to date (YTD), with the 12-month market performance down to -48.90% lower. It has a 12-month low price of $0.54 and touched a high of $3.76 over the same period. WULF has an average intraday trading volume of 3.18 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 -1.12%, 30.63%, and 51.25% 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 54.84%, while other institutional holders and individual stakeholders account for 8.72% and 1.44% respectively.
It has a market capitalization of $354.52M and a beta (3y monthly) value of 1.78. 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 9.19% over the week and 10.09% over the month.
Analysts forecast that TeraWulf Inc. (WULF) will achieve an EPS of -$0.11 for the current quarter, -$0.04 for the next quarter and -$0.05 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.11. Earnings per share for the fiscal year are expected to decrease by -141.50%, and 93.40% 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.”
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