Keefe, Bruyette & Woods Upgrades TeraWulf (NASDAQ:WULF) to “Strong-Buy”

TeraWulf (NASDAQ:WULF) was upgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on WULF. Morgan Stanley started coverage on TeraWulf in a report on Monday, February 9th. They issued an “overweight” rating and a $37.00 price objective for the company. B. Riley Financial upped their price target on TeraWulf from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Cantor Fitzgerald lifted their price objective on shares of TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TeraWulf has an average rating of “Moderate Buy” and a consensus target price of $20.69.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $14.74 on Monday. The firm has a fifty day moving average of $14.26 and a two-hundred day moving average of $13.04. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of -9.04 and a beta of 3.67. TeraWulf has a 52 week low of $2.06 and a 52 week high of $18.51.

Institutional Trading of TeraWulf

A number of large investors have recently bought and sold shares of WULF. Caitong International Asset Management Co. Ltd raised its holdings in TeraWulf by 421.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company’s stock worth $938,000 after buying an additional 65,986 shares during the period. Hamilton Wealth LLC increased its position in shares of TeraWulf by 14.1% during the fourth quarter. Hamilton Wealth LLC now owns 15,750 shares of the company’s stock worth $181,000 after acquiring an additional 1,950 shares in the last quarter. Invesco Ltd. raised its holdings in shares of TeraWulf by 149.8% during the fourth quarter. Invesco Ltd. now owns 3,575,310 shares of the company’s stock worth $41,080,000 after acquiring an additional 2,144,209 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of TeraWulf during the fourth quarter worth $117,000. Finally, Feynman Point Asset Management LLC bought a new stake in TeraWulf in the 4th quarter valued at $1,930,000. 62.49% of the stock is owned by institutional investors.

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.