In yesterday’s Wall Street session, TeraWulf Inc (NASDAQ:WULF) shares traded at $6.85, up 7.37% from the previous session.
WULF stock price is now 46.04% away from the 50-day moving average and 106.00% away from the 200-day moving average. The market capitalization of the company currently stands at $2.62B.
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With the price target of $6, Needham recently initiated with Buy rating for TeraWulf Inc (NASDAQ: WULF). , while ‘ROTH MKM’ 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 $2.31 million. A total of 28.27% 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 $6.70. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for WULF is $4.6908 and a two-hundred day moving average price translates $3.3255 for the stock.
The latest earnings results from TeraWulf Inc (NASDAQ: WULF) was released for 2024-06-30. The net profit margin was -42.61% and return on equity was -19.20% for WULF. The company reported revenue of $35.57 million for the quarter, compared to $15.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 130.16 percent.
