TeraWulf Inc (NASDAQ:WULF) traded at $1.73 at close of the session on Monday, March 18, made a downward move of -2.81% on its previous day’s price.
Looking at the stock we see that its previous close was $1.78 and the beta (5Y monthly) reads 3.86 . In terms of its 52-week price range, WULF has a high of $4.04 and a low of $0.54. The company’s stock has lost about -29.67% over that past 30 days.
TeraWulf Inc has a market cap of $416.77 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.02, with the EPS growth for the year raised at -$0.34 for 2023 and $0.08 for next year. These figures represent 58.50% and 123.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $24.16 million, with a low of $22.96 million and a high of $26.6 million. The median projection represents growth squeezing down to 152.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $70.12 million, or 366.40% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WULF stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -13.50% off its SMA20 and -8.79% from its 50-day simple moving average. The RSI (14) is pointing at 44.32 while the volatility over the past week is 8.73% and jumps to 12.55% over the past one month. The beta value is 2.23, while the average true range (ATR) is currently pointing at 0.23.
Coming back to TeraWulf Inc (NASDAQ:WULF), we note that the average 3-month trading volume was 22.85 million, while that of the preceding 10-day period stands at 15.33 million. Current shares outstanding are 240.91 million.
The insiders hold 39.59% of the company’s shares while institutions hold 26.05%. The data shows that short shares as of Feb 29, 2024, stood at 33.74 million at a short ratio of 1.58. This represents a 11.30% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 38.95 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -27.92% down in year-to-date price movement.
