52,012 Shares in TeraWulf Inc. $WULF Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 52,012 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors have also recently made changes to their positions in WULF. GPS Wealth Strategies Group LLC lifted its stake in TeraWulf by 366.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock valued at $41,000 after purchasing an additional 2,820 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of TeraWulf in the third quarter valued at $57,000. Nisa Investment Advisors LLC raised its position in shares of TeraWulf by 135.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after purchasing an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock worth $29,000 after buying an additional 4,800 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of TeraWulf by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after buying an additional 2,748 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WULF shares. Citizens Jmp raised their price objective on shares of TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 price target on shares of TeraWulf in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a report on Monday, December 29th. UBS Group set a $18.25 target price on shares of TeraWulf in a research report on Friday, October 24th. Finally, Wall Street Zen cut shares of TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.43.

TeraWulf Trading Down 3.6%

WULF opened at $16.03 on Thursday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of -11.29 and a beta of 3.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $17.69. The company has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $11.95.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The firm had revenue of $50.58 million during the quarter, compared to analyst estimates of $56.27 million. The business’s revenue was up 86.9% on a year-over-year basis. Analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.