TeraWulf (NASDAQ:WULF) Posts Earnings Results

TeraWulf (NASDAQ:WULF) released its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Zacks reports. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. The business’s revenue for the quarter was up 50.2% on a year-over-year basis.

TeraWulf Stock Performance

WULF stock opened at $4.19 on Friday. TeraWulf has a 52-week low of $1.57 and a 52-week high of $9.30. The company’s 50 day simple moving average is $5.26 and its 200-day simple moving average is $5.58.

Wall Street Analyst Weigh In

A number of research firms have commented on WULF. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th. Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Finally, B. Riley boosted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $8.64.

About TeraWulf

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.