Stocks of TeraWulf Inc (NASDAQ:WULF) traded higher last session on Wall Street, down -5.96% to $2.05.
WULF stock price is now -9.26% away from the 50-day moving average and 13.81% away from the 200-day moving average. The market capitalization of the company currently stands at $684.66M.
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With the price target of $4.20, Rosenblatt recently initiated with Buy rating for TeraWulf Inc (NASDAQ: WULF). On October 18, 2023, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $3, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Prager Paul B., Chief Executive Officer bought 50,000 shares of the company’s stock on Aug 18 ’23. The stock was bought for $95,000 at an average price of $1.90. Upon completion of the transaction, the Chief Executive Officer now directly owns 525,000 shares in the company, valued at $1.08 million. A total of 32.26% of the company’s stock is owned by insiders.
During the past 12 months, TeraWulf Inc has had a low of $0.89 and a high of $4.04. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 0.45, and a quick ratio of 0.45. The fifty day moving average price for WULF is $2.2528 and a two-hundred day moving average price translates $1.8011 for the stock.
The latest earnings results from TeraWulf Inc (NASDAQ: WULF) was released for 2024-03-31. The net profit margin was -57.80% and return on equity was -27.08% for WULF. The company reported revenue of $42.43 million for the quarter, compared to $11.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 267.93 percent.
