What is Stifel Canada’s Estimate for TeraWulf Q4 Earnings?

TeraWulf Inc. (NASDAQ:WULF) – Investment analysts at Stifel Canada issued their Q4 2024 earnings estimates for TeraWulf in a research note issued to investors on Tuesday, December 24th. Stifel Canada analyst B. Papanastasiou expects that the company will post earnings per share of ($0.03) for the quarter. 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.

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

TeraWulf Stock Up 7.2 %

NASDAQ WULF opened at $6.23 on Wednesday. TeraWulf has a 1 year low of $1.24 and a 1 year high of $9.30. The business’s fifty day moving average is $7.01 and its two-hundred day moving average is $5.36.

Institutional Trading of TeraWulf

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

About TeraWulf

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.