TeraWulf Inc (NASDAQ:WULF) shares, rose in value, with the stock price up by 15.05% to the previous day’s close as strong demand from buyers drove the stock to $3.21.
Actively observing the price movement in the last trading, the stock closed the session at $2.79. Referring to stock’s 52-week performance, its high was $4.04, and the low was $0.89. On the whole, WULF has fluctuated by 37.77% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WULF’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WULF currently trading nearly 46.58% and 42.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.04, while the 7-day volatility ratio is showing 15.12% which for the 30-day chart, stands at 10.71%. Furthermore, TeraWulf Inc (WULF)’s beta value is 2.47, 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 15.05% in last session, and over the past year, it grew by 115.44%%.
Data on historical trading for TeraWulf Inc (NASDAQ:WULF) indicates that the trading volumes over the past 3 months, they’ve averaged 16.68 million. According to company’s latest data on outstanding shares, there are 276.73 million shares outstanding.
Nearly 32.26% of TeraWulf Inc’s shares belong to company insiders and institutional investors own 21.23% of the company’s shares. The stock has risen by 33.75% 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.
