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

TeraWulf (NASDAQ:WULF) reported Q4 earnings with a per-share loss of $(0.03), missing the $(0.02) estimate, and sales of $23.29M, below the $24.16M estimate. Despite these misses, both losses and sales showed significant improvement from the same period last year, with losses decreasing by 84.21% and sales increasing by 142.55%.

Portfolio Pulse from dijoy@benzinga.com

March 19, 2024 | 8:12 pm

TeraWulf Inc. (NASDAQ:WULF) is anticipated to report a narrower Q4 loss of 2 cents per share compared to last year's 19 cents, with revenue expected at $24.16 million, up from $9.57 million. The company's preliminary FY23 revenue is projected at $69 million. Shares fell 2.8% to $1.73. Analysts from Cantor Fitzgerald, Stifel, Compass Point, and B. Riley Securities have provided ratings and price targets, with the most recent being an Overweight rating and a target of $4 from Cantor Fitzgerald.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:41 pm

Earnings reports for March 19, 2024, include a mix of projected profits and losses across various sectors. Notable companies like Tencent Music, HUYA, Caleres, XPeng, and ZTO Express are among those reporting. The reports span from technology and retail to biotech and mining, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 10:06 am

TeraWulf (NASDAQ:WULF) is scheduled to release its quarterly earnings report on March 19, 2024, with an expected EPS of $-0.02. Historical data shows a pattern of share price movement post-earnings announcement, with a notable 4.7% drop after missing EPS last quarter. Over the past year, WULF shares have surged 137.57%, indicating a bullish sentiment among long-term investors. The upcoming earnings report and particularly the company's guidance will be crucial for short-term stock performance.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 3:00 pm

Crypto stocks, including BTDR, CIFR, CLSK, and WULF, are experiencing an increase in their trading values due to recent fluctuations in Bitcoin's price.