Streetbeat News

WULF

TeraWulf Inc.

https://www.terawulf.com

Industry

Financial - Capital Markets

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

Open

7.10

Mkt cap

2.8B

Volume

23M

High

7.25

P/E Ratio

-42.24

52-wk high

9.30

Low

6.74

Div yield

N/A

52-wk low

1.01

Compass Point analyst Chase White has maintained a Buy rating on TeraWulf (NASDAQ:WULF) but has lowered the price target from $4.5 to $3.5. This adjustment reflects a change in valuation but continues to suggest a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:25 pm

Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company anticipates Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares fell 12.9% in pre-market trading. Other stocks like LexinFintech Holdings Ltd. (NASDAQ:LX), Li Auto Inc. (NASDAQ:LI), TeraWulf Inc. (NASDAQ:WULF), Cheche Group Inc. (NASDAQ:CCG), Tourmaline Bio, Inc. (NASDAQ:TRML), and Sasol Limited (NYSE:SSL) also recorded losses in pre-market trading following their respective updates.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:15 am

Lifecore Biomedical's shares plummeted by 31.7% after announcing the conclusion of its strategic evaluation process, management changes, and board reshuffling. Other stocks experienced significant movements, with gainers like ETAO International and XTL Biopharmaceuticals seeing sharp increases due to a reverse stock split and acquisition news, respectively. Losers included NuScale Power Corporation, which dropped 28% following a downgrade by Wells Fargo, and Ontrak, Inc., which fell 26% after a previous day's surge.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:03 pm

In Wednesday's intraday session, several Information Technology stocks experienced significant movements. Notably, SMX, AEye, Edgio, TeraWulf, Oblong, and Cemtrex saw their stock prices increase, with TeraWulf's rise attributed to its Q4 earnings report. Conversely, Airship AI Holdings, XTI Aerospace, WaveDancer, Semilux International, VIA optronics, and Auddia faced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:31 pm

TeraWulf, Inc. (NASDAQ:WULF) shares rose after reporting Q4 financial results, with a significant increase in self-mining capacity and Bitcoin production, despite missing earnings and sales estimates. The company aims to expand its mining capacity and explore HPC and AI applications. Cantor Fitzgerald maintained a $4 price target.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 4:44 pm

TeraWulf's stock price increased due to a rise in Bitcoin value and the company's announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:43 pm

Sportradar Group AG (NASDAQ:SRAD) reported better-than-expected Q4 results, with earnings of 8 cents per share against estimates of 4 cents, and sales of $271.88 million versus expectations of $271.46 million. The company also announced a $200 million share repurchase program, leading to a 10.7% rise in its shares. Other stocks like Annovis Bio, Taysha Gene Therapies, and Kingsoft Cloud also saw significant gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 3:41 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on TeraWulf (NASDAQ:WULF) and maintained a $4 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:00 pm

Harrow Health, Inc. (HROW) reported weaker-than-expected Q4 results, leading to a 14.6% drop in pre-market trading. Other stocks also moved lower, including Aquestive Therapeutics (AQST), NuScale Power Corporation (SMR), MaxCyte, Inc. (MXCT), TeraWulf Inc. (WULF), MicroStrategy Incorporated (MSTR), Nasdaq, Inc. (NDAQ), and Amcor plc (AMCR), due to various factors such as underwritten public offerings, downgrades, and corporate announcements.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 9:32 am

TeraWulf (NASDAQ:WULF) reported Q4 earnings with an EPS of $-0.03, missing estimates by -50.0% against an expected $-0.02. Revenue increased by $13.69 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 5.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 8:15 pm

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