Atb Cap Markets Estimates TeraWulf FY2024 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Equities research analysts at Atb Cap Markets issued their FY2024 earnings estimates for shares of TeraWulf in a research note issued on Sunday, January 5th. Atb Cap Markets analyst M. Toner forecasts that the company will post earnings per share of ($0.14) for the year. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for TeraWulf’s FY2025 earnings at $0.11 EPS, FY2026 earnings at $0.36 EPS, FY2027 earnings at $0.66 EPS, FY2028 earnings at $0.62 EPS and FY2029 earnings at $0.87 EPS.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a report on Monday. Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. B. Riley boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 target price on shares of TeraWulf in a report on Thursday, December 5th. Finally, Needham & Company LLC upped their price target on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TeraWulf presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Price Performance

NASDAQ WULF opened at $6.13 on Wednesday. TeraWulf has a 1 year low of $1.24 and a 1 year high of $9.30. The business’s 50-day moving average is $6.97 and its 200 day moving average is $5.48.

Institutional Trading of TeraWulf

Several institutional investors have recently bought and sold shares of WULF. Geode Capital Management LLC increased its position in shares of TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after acquiring an additional 820,354 shares in the last quarter. State Street Corp increased its holdings in TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after buying an additional 227,186 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in TeraWulf in the 2nd quarter worth about $22,443,000. Hood River Capital Management LLC purchased a new stake in shares of TeraWulf during the 2nd quarter valued at about $20,532,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.