TeraWulf (NASDAQ:WULF) Shares Gap Up to $2.12

TeraWulf Inc. (NASDAQ:WULF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.12, but opened at $2.27. TeraWulf shares last traded at $2.14, with a volume of 2,142,429 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Compass Point dropped their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, March 21st. B. Riley dropped their price target on TeraWulf from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Rosenblatt Securities started coverage on shares of TeraWulf in a research note on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $4.00 target price on shares of TeraWulf in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, TeraWulf presently has a consensus rating of “Buy” and an average price target of $3.66.

TeraWulf Trading Up 0.7 %

The company has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $1.82.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC bought a new stake in TeraWulf in the 1st quarter valued at $29,000. Apollon Wealth Management LLC bought a new position in shares of TeraWulf during the 4th quarter worth about $27,000. Delta Financial Group Inc. increased its stake in TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock valued at $116,000 after acquiring an additional 11,100 shares during the period. Partners Capital Investment Group LLP acquired a new position in TeraWulf in the fourth quarter worth about $29,000. Finally, Global Retirement Partners LLC bought a new position in TeraWulf during the fourth quarter worth about $30,000. Institutional investors and hedge funds 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.