Thinking Of Selling TeraWulf Inc (NASDAQ: WULF) Stock? Check This Out First

TeraWulf Inc (NASDAQ:WULF) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $2.33.

Actively observing the price movement in the last trading, the stock closed the session at $2.33. The value of beta (5-year monthly) was 3.86. Referring to stock’s 52-week performance, its high was $4.04, and the low was $0.88. On the whole, WULF has fluctuated by 21.99% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to -$0.01 for fiscal year -$0.01 and then to about $0.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be 97.10% in 2025, while the next year’s EPS growth is forecast to be 1,800.00%.

Analysts have estimated the company’s revenue for the quarter at $35.9 million, with a low estimate of $30.15 million and a high estimate of $41.65 million. According to the average forecast, sales growth in current quarter could jump up 211.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $142.88 million, representing an increase of 106.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WULF’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WULF currently trading nearly 11.07% and 15.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.21, while the 7-day volatility ratio is showing 10.41% which for the 30-day chart, stands at 12.56%. Furthermore, TeraWulf Inc (WULF)’s beta value is 2.31, and its average true range (ATR) is 0.26.

A comparison of TeraWulf Inc (WULF) with its peers suggests the former has fared considerably weaker in the market. WULF showed an intraday change of 0.00% in last session, and over the past year, it grew by 148.45%%.

Data on historical trading for TeraWulf Inc (NASDAQ:WULF) indicates that the trading volumes over the past 10 days have averaged 23.56 million and over the past 3 months, they’ve averaged 20.79 million. According to company’s latest data on outstanding shares, there are 276.73 million shares outstanding.

Nearly 40.76% of TeraWulf Inc’s shares belong to company insiders and institutional investors own 20.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.69 million shares as on Mar 15, 2024, resulting in a short ratio of 1.86. According to the data, the short interest in TeraWulf Inc (WULF) stood at 12.47% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 33.19 million. The stock has fallen by -2.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WULF stock heading into the next quarter.