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Is Now The Time To Buy TeraWulf Inc (NASDAQ: WULF) Stock?

TeraWulf Inc (NASDAQ:WULF) price closed higher on Monday, February 12, jumping 8.41% above its previous close.

A look at the daily price movement shows that the last close reads $2.20. The company’s 5Y monthly beta was ticking 3.90. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.04 and 52-week low of $0.54. The stock added 24.22% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WULF a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that WULF’s price is at present 44.13% off the SMA20 and 32.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.37, with weekly volatility standing at 11.18%. The indicator jumps to 11.85% when calculated based on the past 30 days. TeraWulf Inc (NASDAQ:WULF)’s beta value is holding at 2.26, while the average true range (ATR) indicator is currently reading 0.24.

Turning out attention to how the TeraWulf Inc stock has performed in comparison to its peers in the industry, here’s what we find: WULF’s stock is 8.41% on the day and 259.35% in the past 12 months, while FG Group Holdings Inc. (FGH) traded -10.79%% in the last session and was positioned -46.55% down on its price 12 months ago. Turning out attention to how the TeraWulf Inc stock has performed in comparison to its peers in the industry, here’s what we find: WULF’s stock is 8.41% on the day and 259.35% in the past 12 months, while FG Group Holdings Inc. (FGH) traded -10.79%% in the last session and was positioned -46.55% down on its price 12 months ago. Another comparison is with Illinois Tool Works Inc. (ITW) whose stock price was up 0.26%% in the last trading session, and has flourished 7.08% over the past year. Also, Photronics Inc. (PLAB) showed up trend of 2.89%% while its price kept floating at 83.15% over the past year.

An analysis of the TeraWulf Inc (NASDAQ:WULF) stock in terms of its daily trading volume indicates that the 3-month average is 1.60. However, this figure increases on the past 10-day timeline to an average of 18.4 million.

Current records show that the company has 145.49M in outstanding shares. The insiders’ percentage holdings are 39.76% of outstanding shares while the percentage share held by institutions stands at 20.84%. The stats also highlight that short interest as of Jan 31, 2024, stood at 38.95 million shares, which puts the short ratio at the time at 1.85. From this we can glean that short interest is 16.17% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 31.67 million. But the -0.63% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.