TeraWulf shares climbed 7.7% during Friday’s trading session, reaching $13.88. The stock ended a three-day losing streak.
Trading volume came in below average at 14.55 million shares. This compared to the typical 21.51 million share daily average.
The stock now trades above key technical levels. TeraWulf sits above its 50-day moving average of $13.20 and its 200-day moving average of $10.98.
Analyst sentiment remains largely positive despite recent earnings misses. Twelve analysts rate the stock as a Buy, while one issued a Hold rating and one maintains a Sell rating.
The average price target stands at $19.15. This represents potential upside from current levels.
Weiss Ratings reaffirmed its Sell (D-) rating on December 29th. Meanwhile, other firms paint a more optimistic picture.
Needham & Company maintained its Buy recommendation with a $21 price target. This marks a 48.7% upside from the latest closing price.
Keefe, Bruyette, and Woods made a more dramatic move. The firm upgraded TeraWulf from “market perform” to “outperform.”
Their new price target jumped to $24 from $9.50. The upgrade reflects TeraWulf’s transition from Bitcoin mining to high-performance computing services.
KBW expects the company to achieve 505% EBITDA growth through 2027. This projection stems from existing lease agreements.
Citizens Jmp raised its price target from $18 to $22. B. Riley increased its target from $22 to $23.
The company reported disappointing quarterly results on November 10th. TeraWulf posted an EPS of -$1.13, missing estimates by $1.09.
Revenue came in at $50.58 million. This fell short of the $56.27 million analysts expected.
Despite the miss, quarterly revenue grew 86.9% year-over-year. The growth rate shows strong operational expansion.
The company’s balance sheet shows high leverage. TeraWulf carries a debt-to-equity ratio of 4.45.
Both the quick ratio and current ratio sit at 1.03. The company maintains a negative return on equity of 69.75% and a negative net margin of 336.53%.
TeraWulf’s market cap reached $5.79 billion. The stock trades with a beta of 3.69, indicating high volatility.
Director Michael C. Bucella bought 4,178 shares on November 13th. He paid an average price of $12.01 per share for a total of $50,177.78.
The purchase increased his direct ownership to 266,958 shares. Corporate insiders own 19.90% of the stock.
Several institutional investors adjusted their positions recently. Sippican Capital Advisors grew its stake by 112.9% in the fourth quarter, now holding 71,650 shares.
Kraematon Investment Advisors increased holdings by 2.3% to 42,452 shares. Institutional investors collectively own 62.49% of the company.
Friday’s rally mirrored gains in technology stocks. Easing tensions between the United States and Europe boosted investor sentiment across the sector.
The post TeraWulf (WULF) Stock Jumps 7.7% Following Analyst Upgrades appeared first on CoinCentral.
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