The stock of TeraWulf Inc (NASDAQ:WULF) last traded at $7.04, down -1.95% from the previous session.
WULF stock price is now 26.76% away from the 50-day moving average and 87.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.81B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $2.37 million. A total of 26.11% of the company’s stock is owned by insiders.
During the past 12 months, TeraWulf Inc has had a low of $1.01 and a high of $9.30. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for WULF is $5.4932 and a two-hundred day moving average price translates $3.72215 for the stock.
The latest earnings results from TeraWulf Inc (NASDAQ: WULF) was released for 2024-09-30. The net profit margin was -42.78% and return on equity was -20.41% for WULF. The company reported revenue of $27.06 million for the quarter, compared to $18.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.75 percent.
