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

8.18

Mkt cap

3.1B

Volume

17M

High

8.40

P/E Ratio

-44.81

52-wk high

8.40

Low

7.82

Div yield

N/A

52-wk low

0.89

Analysts have provided mixed ratings for TeraWulf (NASDAQ:WULF) over the past three months, with a total of 7 ratings: 3 bullish and 4 somewhat bullish. The average 12-month price target is $4.24, with a high of $7.00 and a low of $3.00. Recent analyst actions include rating adjustments and price target changes, reflecting varying sentiments about the company's performance.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:00 pm

Cantor Fitzgerald analyst Josh Siegler has assumed coverage of TeraWulf (NASDAQ:WULF) with an Overweight rating and raised the price target to $7.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:03 pm

Yext, Inc. (NYSE:YEXT) reported worse-than-expected Q1 earnings and weak Q2 guidance, leading to a 15.7% drop in pre-market trading. Other stocks also saw declines, including Target Hospitality Corp. (NASDAQ:TH), Contango Ore, Inc. (NYSE:CTGO), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Uranium Energy Corp. (NYSE:UEC), CoreCivic, Inc. (NYSE:CXW), TeraWulf Inc. (NASDAQ:WULF), and IperionX Limited (NASDAQ:IPX).

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 9:31 am

Perion Network Ltd. (NASDAQ:PERI) lowered its revenue forecast, causing its shares to drop 21% in pre-market trading. Skye Bioscience, Inc. (NASDAQ:SKYE) shares tumbled 45.2% after a failed clinical trial. Other stocks like CI&T Inc. (NYSE:CINT), Sify Technologies Limited (NASDAQ:SIFY), and Ecarx Holdings Inc. (NASDAQ:ECX) also saw significant declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:10 pm

TeraWulf Inc. (NASDAQ:WULF) shares are trading higher after the company provided an unaudited monthly production and operations update for May 2024. The company self-mined 186 bitcoin in May, with an average production rate of 6 bitcoin per day. Power costs averaged $31,239 per bitcoin. TeraWulf's installed and operational self-mining capacity reached 8.0 EH/s, an 82% year-over-year increase. The company is also making progress on new facilities that will further increase capacity. Analysts have a positive outlook on the stock with an average 12-month price target of $3.78.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 5:37 pm

Core & Main Inc (NYSE:CNM) shares fell 11.4% after reporting mixed first-quarter financial results, missing earnings expectations but slightly beating sales estimates. Other notable stock movements include significant gains for MicroAlgo Inc (NASDAQ:MLGO) and Sobr Safe Inc (NASDAQ:SOBR), and substantial losses for ENDRA Life Sciences Inc (NASDAQ:NDRA) and Avalon Globocare Corp (NASDAQ:ALBT).

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 4:54 pm

The article highlights significant intraday movements in the stock prices of various Information Technology companies on Tuesday. Notable gainers include MicroAlgo, Sobr Safe, Core Scientific, Hitek Global, TeraWulf, and MicroCloud Hologram. On the losing side, CalAmp, Brand Engagement Network, GCT Semiconductor Holdings, Ascent Solar Technologies, Verb Tech, and FOXO Technologies experienced declines.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:30 pm

TeraWulf shares are trading higher following the company's announcement of its Bitcoin production for May 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:18 pm

U.S. stocks were mixed on Tuesday, with the Dow Jones index gaining around 20 points. Several stocks saw significant gains, including Saia Inc, Annexon, Core Scientific, and others. Saia Inc reported an 18% increase in LTL shipments per workday in April, leading to a 12.3% rise in its shares. Annexon surged 40% after its Phase 3 trial met its primary endpoint. Core Scientific climbed 29% following the signing of 12-year contracts with CoreWeave. Other notable gainers included Terawulf, Zai Lab, Hillevax, and more.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 2:09 pm

TeraWulf Inc. (NASDAQ:WULF) announced its May 2024 production and operations update, highlighting the mining of 186 Bitcoin, an 82% year-over-year increase in self-mining capacity to 8.0 EH/s, and advancements in their AI/HPC digital infrastructure pilot.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:21 pm

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