Needham has recently initiated Terawulf Inc (WULF) stock to Buy rating, as announced on September 4, 2024, according to Finviz. Earlier, on August 14, 2024, Rosenblatt had resumed the stock to Buy, setting a price target of $5. ROTH MKM also initiated Buy rating with a price target of $6.50. Additionally, Cantor Fitzgerald resumed Overweight rating on June 11, 2024, with a target price of $7. Rosenblatt analysts, in their report published on April 9, 2024, also initiated Buy rating and set a price target of $4.20 for Terawulf Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Terawulf Inc (WULF) Stock Trading Recap
On Wednesday, Terawulf Inc (WULF) stock saw a decline, ending the day at $6.4 which represents a decrease of $-0.13 or -1.99% from the prior close of $6.53. The stock opened at $6.34 and touched a low of $5.99 during the day, reaching a high of $6.58. The volume of shares traded was 23.13 million exceeding the average volume of 20.03 million.
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WULF Stock Performance and Moving Averages
In recent trading, Terawulf Inc (WULF) stock price has shown some volatility, fluctuating 23.08% over the last five trades and 19.18% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 153.97%, and it has gained 41.28% in the previous three months. Currently, WULF is trading at 33.14%, 41.55%, and 96.42% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WULF, a Financial sector stock, is trading -2.29% below its 52-week high but remains 618.21% above its 52-week low. The Average True Range (ATR) (14 days) of 0.48 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Terawulf Inc’s Profitability and Valuation Ratios
Terawulf Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -19.22% and a profit margin of -42.61%, with a gross margin of 153.97%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Terawulf Inc’s market capitalization stands at $2.45 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 70. Additionally, the Price-to-Sales Ratio is 20.36, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 6.36, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 28.27% of Terawulf Inc (WULF)’s shares, while financial institutions hold 45.12%.
Notable insider trades include Deane Kenneth J, Chief Acct Officer + Treasurer at Terawulf Inc (WULF), who sold 69996 shares on Jun 07 ’24, at $3.25 each, totaling $0.23 million.
