Hel Ved Capital Management Ltd Makes New $2.26 Million Investment in TeraWulf Inc. (NASDAQ:WULF)

Hel Ved Capital Management Ltd acquired a new position in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 398,500 shares of the company’s stock, valued at approximately $2,256,000.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after acquiring an additional 1,704,013 shares in the last quarter. State Street Corp grew its position in TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after purchasing an additional 227,186 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in TeraWulf in the 4th quarter valued at about $651,000. Barclays PLC increased its stake in TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after buying an additional 343,016 shares during the last quarter. Finally, BIT Capital GmbH lifted its position in shares of TeraWulf by 169.4% during the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock worth $22,503,000 after buying an additional 2,499,865 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.

TeraWulf Price Performance

WULF opened at $2.60 on Friday. TeraWulf Inc. has a one year low of $1.82 and a one year high of $9.30. The firm has a market capitalization of $995.85 million, a P/E ratio of -13.00 and a beta of 2.70. The company has a fifty day moving average price of $3.88 and a 200-day moving average price of $5.38.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business had revenue of $35.00 million for the quarter, compared to analysts’ expectations of $37.43 million. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WULF shares. Needham & Company LLC reaffirmed a “buy” rating and set a $9.50 price target on shares of TeraWulf in a research report on Monday, January 13th. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Monday, March 3rd. B. Riley upped their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Northland Securities restated an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $8.71.

TeraWulf Company Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.