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 Inc. (NASDAQ:WULF) shares are trading higher due to a rise in Bitcoin prices and a positive analyst rating from Cantor Fitzgerald. The stock has seen significant gains over the past year and month, but currently shows overbought conditions.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 3:42 pm

A cooler-than-expected U.S. inflation report has led to a rally in small caps, real estate, and regional banks, with traders anticipating potential Fed rate cuts. The iShares Russell 2000 ETF (IWM) saw a significant rise, along with sector-specific ETFs like VNQ, XLB, XHB, TAN, KRE, and XBI. Top-performing stocks included Sunrun Inc. (RUN), Array Technologies Inc. (ARRY), and Opendoor Technologies Inc. (OPEN).

Portfolio Pulse from Piero Cingari

June 12, 2024 | 2:09 pm

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

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