TeraWulf Inc. (NASDAQ: WULF) stock jumped 3.22% on Monday to $0.91 against a previous-day closing price of $0.88. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $0.9900 whereas the lowest price it dropped to was $0.8806. The 52-week range on WULF shows that it touched its highest point at $13.83 and its lowest point at $0.55 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WULF was up-trending over the past week, with a rise of 3.35%, but this was up by 56.57% over a month. Three-month performance dropped to -18.06% while six-month performance fell -41.32%. The stock lost -93.50% in the past year, while it has gained 36.64% so far this year.
Float and Shares Shorts:
At present, 108.84 million WULF shares are outstanding with a float of 48.85 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.07 million, which was 1.66% higher than short shares on Sep 14, 2022. In addition to Mr. Paul B. Prager as the firm’s Co-Founder, Chairman & CEO, Mr. Nazar M. Khan serves as its Co-Founder, COO, CTO & Exec. Director.
Through their ownership of 9.35% of WULF’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 63.20% of WULF, in contrast to 4.79% held by mutual funds. Shares owned by individuals account for 2.32%. As the largest shareholder in WULF with 1.74% of the stake, The Vanguard Group, Inc. holds 2,236,869 shares worth 2,236,869. A second-largest stockholder of WULF, BlackRock Fund Advisors, holds 1,436,929 shares, controlling over 1.12% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in WULF, holding 792,389 shares or 0.62% stake. With a 1.55% stake in WULF, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,992,318 shares are owned by the mutual fund manager. The VanEck Digital Transformation ETF, which owns about 0.50% of WULF stock, is the second-largest Mutual Fund holder. It holds 645,036 shares valued at 0.43 million. iShares Russell 2000 ETF holds 0.40% of the stake in WULF, owning 517,319 shares worth 0.34 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WULF since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WULF analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, WULF could surge 449.45% to reach the target high and rise by 449.45% to reach the target low. Reaching the average price target will result in a growth of 449.45% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WULF will report FY 2022 earnings on 02/16/2024. Analysts have provided yearly estimates in a range of $0.38 being high and $0.38 being low. For WULF, this leads to a yearly average estimate of $0.38. Based on analyst estimates, the high estimate for the next quarter is -$0.10 and the low estimate is -$0.10. The average estimate for the next quarter is thus -$0.10.
Summary of Insider Activity:
Insiders traded WULF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 11,470,378 while 8,303,402 shares were sold.