TeraWulf Sees Unusually High Options Volume (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) saw unusually large options trading activity on Monday. Stock traders purchased 61,641 call options on the stock. This is an increase of 84% compared to the typical daily volume of 33,504 call options.

Wall Street Analyst Weigh In

WULF has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday, September 3rd. Roth Capital upgraded shares of TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities increased their price objective on shares of TeraWulf from $4.20 to $5.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Roth Mkm reiterated a “buy” rating and set a $6.50 price objective on shares of TeraWulf in a report on Monday, July 8th. Finally, B. Riley reiterated a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a report on Monday, August 26th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $5.71.

TeraWulf Stock Performance

NASDAQ WULF opened at $5.37 on Wednesday. TeraWulf has a one year low of $0.89 and a one year high of $6.51. The company’s 50 day moving average price is $4.35 and its 200 day moving average price is $3.42.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $35.57 million during the quarter, compared to analysts’ expectations of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. Equities analysts anticipate that TeraWulf will post -0.11 earnings per share for the current year.

Institutional Trading of TeraWulf

Hedge funds have recently made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new stake in shares of TeraWulf during the first quarter valued at approximately $29,000. Partners Capital Investment Group LLP purchased a new stake in shares of TeraWulf during the fourth quarter valued at approximately $29,000. Amalgamated Bank raised its stake in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of TeraWulf during the second quarter valued at approximately $44,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of TeraWulf during the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.