A History of Outperforming Analyst Forecasts and Beating the Odds: TeraWulf Inc. (WULF)

TeraWulf Inc. (NASDAQ: WULF) stock fell -4.40% on Wednesday to $1.52 against a previous-day closing price of $1.59. With 1.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.2 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $1.6100 whereas the lowest price it dropped to was $1.5000. The 52-week range on WULF shows that it touched its highest point at $3.76 and its lowest point at $0.54 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 1.78.

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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 down-trending over the past week, with a drop of -6.75%, but this was up by 9.35% over a month. Three-month performance surged to 118.96% while six-month performance rose 82.63%. The stock lost -48.82% in the past year, while it has gained 128.37% so far this year. A look at the trailing 12-month EPS for WULF yields -0.33 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.11. This implies an EPS growth rate of -141.50% for this year and 93.40% for next year.

Float and Shares Shorts:

At present, 108.84 million WULF shares are outstanding with a float of 74.62 million shares on hand for trading. On Apr 27, 2023, short shares totaled 9.24 million, which was 4.36% higher than short shares on Mar 30, 2023. In addition to Mr. Paul B. Prager as the firm’s Co-Founder, Chairman & CEO, Mr. Patrick A. Fleury serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 7.69% of WULF’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.76% of WULF, in contrast to 54.84% held by mutual funds. Shares owned by individuals account for 4.62%. As the largest shareholder in WULF with 3.42% of the stake, The Vanguard Group, Inc. holds 6,374,281 shares worth 6,374,281. A second-largest stockholder of WULF, BlackRock Fund Advisors, holds 3,368,650 shares, controlling over 1.81% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in WULF, holding 2,850,598 shares or 1.53% stake. With a 2.65% stake in WULF, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,941,318 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.81% of WULF stock, is the second-largest Mutual Fund holder. It holds 1,511,510 shares valued at 2.69 million. VanEck UCITS ETFs Plc – Crypto & holds 0.80% of the stake in WULF, owning 1,494,568 shares worth 2.66 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WULF reported revenue of $1.39M and operating income of -$7.26M. The EBITDA in the recently reported quarter was -$7.06M and diluted EPS was -$0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WULF since 0 analysts follow the stock currently. 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 $1.67 and a low target of $1.67, the average target price over the next 12 months is $1.67. Based on these targets, WULF could surge 9.87% to reach the target high and rise by 9.87% to reach the target low. Reaching the average price target will result in a growth of 9.87% 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.

Summary of Insider Activity:

Insiders traded WULF stock several times over the past three months with 19 Buys and 2 Sells. In these transactions, 34,186,593 shares were bought while 4,314,012 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 44,376,007 while 33,069,864 shares were sold.

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