TeraWulf Inc. (NASDAQ:WULF) finished Thursday with a subtraction of -$0.2 to close at $1.88, a downside of -9.62 percent. An average of 5,804,680 shares of common stock have been traded in the last five days. There was a fall of -$0.1200 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 6,388,760 shares traded, while the 50-day average volume stands at 6,384,592.
WULF stock has decreased by -48.35% in the last month. The company shares reached their 1-month lowest point of $1.8300 on 08/22/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $0.54 and a high of $4.04 in 52 weeks. It has reached a new high 28 times so far this year and achieved 182.45% or $1.2144 in price. In spite of this, the price is down -53.47% from the 52-week high.
Valuation Metrics
TeraWulf Inc. (WULF) stock’s beta is 1.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.05, the price-to-book (PB) ratio at 2.27.
Financial Health
Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.83 for the quarter ending June 29. TeraWulf Inc.’s EBITDA margin for the year ending June 29 is -233.37%. Its gross profit as reported stood at $3.95 million compared to revenue of $15.03 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TeraWulf Inc.’s return on assets was -29.00%.
Earnings Surprise
For the three-month period that ended June 29, TeraWulf Inc. had $82.4 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$17.81 million in the quarter, while revenues of -$26.52 million were grew 21.9%. The analyst consensus anticipated TeraWulf Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.08, a -166.70% surprise. For the quarter, EBITDA amounted to $5.59 million. Shareholders own equity worth $221.13 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TeraWulf Inc. (WULF) price momentum. RSI 9-day as of the close on 24 August was 31.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 93.42%.
As of today, WULF’s price is $1.9580 -6.00% or -$0.1200 from its 5-day moving average. WULF is currently trading -43.71% lower than its 20-day SMA and +100.47% higher than its 100-day SMA. However, the stock’s current price level is +31.47% above the SMA50 and +70.91% above the SMA200.
The stochastic %K and %D were 10.78% and 11.33%, respectively, and the average true range (ATR) was 0.2768. With the 14-day stochastic at 4.76% and the average true range at 0.2955, the RSI (14) stands at 36.40%. The stock has reached -0.1372 on the 9-day MACD Oscillator while the 14-day reading was at -0.3085.
Analyst Ratings
Cantor Fitzgerald launched coverage on TeraWulf Inc. (NASDAQ: WULF) in its analyst report released on July 28, 2023. The firm assigned the stock an Overweight rating.
What is WULF’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.25, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for TeraWulf Inc. (WULF) stock is $4.08.
