In yesterday’s Wall Street session, TeraWulf Inc (NASDAQ:WULF) shares traded at $6.00, up 12.99% from the previous session.
WULF stock price is now 80.33% away from the 50-day moving average and 180.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.00B.
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With the price target of $6.50, ROTH MKM recently initiated with Buy rating for TeraWulf Inc (NASDAQ: WULF). , while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Deane Kenneth J, Chief Acct Officer + Treasurer sold 69,996 shares of the company’s stock on Jun 07 ’24. The stock was sold for $227,137 at an average price of $3.25. Upon completion of the transaction, the Chief Acct Officer + Treasurer now directly owns 337,245 shares in the company, valued at $2.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18 ’23, Chief Executive Officer Prager Paul B. bought 50,000 shares of the business’s stock. A total of $95,000 was incurred on buying the stock at an average price of $1.90. This leaves the insider owning 525,000 shares of the company worth $3.15 million. A total of 28.04% 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 $6.05. 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 $3.3276 and a two-hundred day moving average price translates $2.13835 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.
