TeraWulf (NASDAQ:WULF – Get Rating) had its target price lowered by investment analysts at B. Riley from $19.00 to $5.00 in a research report issued to clients and investors on Thursday, The Fly reports. B. Riley’s price target indicates a potential upside of 189.02% from the company’s current price.
Shares of NASDAQ WULF opened at $1.73 on Thursday. The company has a market cap of $180.97 million, a P/E ratio of -7.86 and a beta of 1.19. TeraWulf has a 12-month low of $1.64 and a 12-month high of $43.98. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $3.34.
In other news, CEO Paul B. Prager purchased 317,259 shares of the stock in a transaction dated Monday, April 11th. The shares were bought at an average cost of $7.88 per share, for a total transaction of $2,500,000.92. Following the transaction, the chief executive officer now owns 654,706 shares in the company, valued at $5,159,083.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Revolve Capital Llc purchased 158,629 shares of the stock in a transaction dated Monday, April 11th. The shares were purchased at an average price of $7.88 per share, for a total transaction of $1,249,996.52. Following the completion of the transaction, the insider now owns 10,981,382 shares in the company, valued at approximately $86,533,290.16. The disclosure for this purchase can be found here. 14.74% of the stock is owned by insiders.
TeraWulf Company Profile (Get Rating)
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.
- Get a free copy of the StockNews.com research report on TeraWulf (WULF)
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