The stock of TeraWulf Inc. (NASDAQ:WULF) increased by $0.02 on Monday to finish at $1.91, up 0.79 percent. The last five days have seen an average of 4,532,680 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $1.2444. The average number of shares traded over the last 20 days was 5,795,730, while the average volume over the last 50 days totaled 6,408,194.
WULF stock dropped -44.15% since last month. On 08/22/23, the company’s shares reached a one-month low of $1.8300. The stock touched a high of $4.04 on 07/20/23, after rallying from a low of $0.54 in 52 weeks. The price of WULF stock has risen by 186.96% or $1.2444 this year, reaching a new high 28 times. Still, the stock price is down -52.72% from the 52-week high.
Insider Transactions
WULF stock investors should be aware that TeraWulf Inc. (WULF) stock had its last reported insider trading activity 11 days ago on Aug 18. On Aug 18, Chief Executive Officer Prager Paul B. acquired 50,000 shares at $1.90 each. This transaction resulted in the insider spending $95,000. On Apr 11, Prager Paul B. added 100,000 shares at a price of US$1.37. After the transaction, the insider now owns 475,000 shares.
Valuation Metrics
Beta for the stock is 1.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 15.93, the price-to-book (PB) ratio of 2.30.
Financial Health
For the three months ended June 29, TeraWulf Inc.’s current ratio was 0.40. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.83, and the total debt to equity ratio is 0.83. As far as profitability goes, gross margin for the trailing twelve months is 39.10% percent. Based on annual data, it had gross profit of $3.95 million and revenue of $15.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WULF’s return on assets (ROA) during the last 12 months has been -29.00%. There was a -19.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -75.80%.
Earnings Surprise
According to TeraWulf Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.34 million, while revenues rose by 90.94% to $11.53 million. It was predicted that TeraWulf Inc.’s quarterly earnings would be -$0.08, but it ended up being -$0.03, beating the consensus by -166.70%. EBITDA was $5.59 million for the quarter. At the end of TeraWulf Inc.’s most recent quarter ended June 29, its liabilities totaled 165.0 million, while its total debt was $120.25 million. Equity owned by shareholders amounts to $221.13 million.
Technical Picture
Here’s a quick look at TeraWulf Inc.’s (WULF) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 33.61%, suggesting the stock is Neutral, with a 94.44% historical volatility rate.
The stochastic %K and %D were 6.19% and 9.52% respectively, while the average true range (ATR) was 0.2488. Based on the 14-day stochastic reading of 7.62%, the RSI (14) reading is 37.38%. On the 9-day MACD Oscillator, the stock is at -0.0722, and the 14-day reading is at -0.2600.
Analyst Ratings
In its analyst report released on July 28, 2023, Cantor Fitzgerald began covering TeraWulf Inc. (NASDAQ: WULF). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned TeraWulf Inc. (WULF) an Buy rating. WULF is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is WULF’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $4.25, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for TeraWulf Inc. (WULF) is $4.08.
