The trading price of TeraWulf Inc (NASDAQ:WULF) closed higher on Monday, April 22, closing at $2.58, 12.66% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.04 and a 52-week low of $0.89. Over the past month, the stock has gained 8.40% in value.
TeraWulf Inc, whose market valuation is $779.78 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.04 per share this quarter, however they have predicted annual earnings per share of $0.1 for 2024 and $0.31 for 2025. It means analysts are expecting annual earnings per share growth of 128.60% this year and 210.00% next year.
Analysts have forecast the company to bring in revenue of $46.34 million for the current quarter, with the likely lows of $39.02 million and highs of $60 million. The average estimate suggests sales will likely up by 301.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $179.26 million. The company’s revenue is forecast to grow by 158.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of TeraWulf Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest WULF has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that WULF’s price is currently 13.07% off the SMA20 and 19.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.99, and weekly volatility stands at 10.80%. When measured over the past 30 days, the indicator reaches 10.61%. TeraWulf Inc (NASDAQ:WULF)’s beta value is currently sitting at 2.31, while the Average True Range indicator is currently displaying 0.24.
To see how TeraWulf Inc stock has been performing in comparison to its peers in the industry, here are the numbers: WULF stock’s performance was 12.66% in the latest trading, and 80.42% in the past year.
An evaluation of the daily trading volume of TeraWulf Inc (NASDAQ:WULF) indicates that the 3-month average is 18.79 million.
Currently, records show that 276.73 million of the company’s shares remain outstanding. The insiders hold 32.51% of outstanding shares, whereas institutions hold 20.81%. However, since the stock’s price has seen 7.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
