Stifel Canada Comments on TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Research analysts at Stifel Canada issued their FY2024 EPS estimates for TeraWulf in a research report issued on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou expects that the company will earn ($0.16) per share for the year. Stifel Canada has a “Moderate Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Stifel Canada also issued estimates for TeraWulf’s FY2025 earnings at ($0.04) EPS and FY2026 earnings at ($0.04) EPS.

A number of other equities analysts have also commented on the company. Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Wednesday, December 4th. B. Riley boosted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC increased their price target on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Price Performance

Shares of WULF opened at $6.08 on Friday. TeraWulf has a one year low of $1.24 and a one year high of $9.30. The business’s 50 day simple moving average is $7.05 and its 200-day simple moving average is $5.37.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after acquiring an additional 820,354 shares during the period. State Street Corp boosted its position in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after purchasing an additional 227,186 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of TeraWulf during the second quarter worth $22,443,000. Hood River Capital Management LLC bought a new stake in TeraWulf in the second quarter valued at about $20,532,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after buying an additional 1,704,013 shares during the period. 62.49% of the stock is owned by institutional investors.

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.