TeraWulf Inc. (NASDAQ:WULF) saw an upside of 1.02% to close Monday at $1.99 after adding $0.02 on the day. The 5-day average trading volume is 5,923,200 shares of the company’s common stock. It has gained $2.6500 in the past week and touched a new high 1 time within the past 5 days. An average of 6,698,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,169,120.
WULF’s 1-month performance is -45.48% or -$1.6600 on its low of $1.8300 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.54 and high of $4.04, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, WULF has achieved 198.98% or $1.3244 and has reached a new high 28 times. However, the current price is down -50.74% from the 52-week high price.
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Valuation Metrics
WULF stock has a beta of 1.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.99 while the price-to-book (PB) in the most recent quarter is 2.40.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 39.10%. The trailing 12-month EBITDA margin is -233.37%. The firm’s gross profit as reported stood at $3.95 million against revenue of $15.03 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 21.9% to -$17.81 million, while revenue of -$26.52 million was -48.91% off the previous quarter. Analysts expected WULF to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.08, representing a -166.70% surprise. EBITDA for the quarter stood at more than $5.59 million. WULF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 165.0 million, with total debt at $120.25 million. Shareholders hold equity totaling $221.13 million.
Let’s look briefly at TeraWulf Inc. (WULF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 27.77% to suggest the stock is trending oversold, with historical volatility in this time period at 50.71%.
The stock’s 5-day moving average is $2.0760, reflecting a -20.87% or -$0.5250 change from its current price. WULF is currently trading -41.64% above its 20-day SMA, +162.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.16% and SMA200 by+77.68%.
Stochastic %K and %D was 9.21% and 6.75% and the average true range (ATR) pointed at 0.2903. The RSI (14) points at 35.59%, while the 14-day stochastic is at 13.32% with the period’s ATR at 0.3081. The stock’s 9-day MACD Oscillator is pointing at -0.2950 and -0.4351 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for TeraWulf Inc. (NASDAQ: WULF), Cantor Fitzgerald launched coverage with an Overweight rating.
