TeraWulf Inc (NASDAQ:WULF) shares, rose in value, with the stock price up by 2.99% to the previous day’s close as strong demand from buyers drove the stock to $6.89.
Actively observing the price movement in the last trading, the stock closed the session at $6.69, falling within a range of $6.49 and $7.15. The value of beta (5-year monthly) was 4.158. Referring to stock’s 52-week performance, its high was $7.28, and the low was $0.89. On the whole, WULF has fluctuated by 59.12% over the past month.
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With the market capitalization of TeraWulf Inc currently standing at about $2.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 157.78M, with a low estimate of 26.9M and a high estimate of 39M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 34.28M.
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 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 100% Buy.
The stock’s technical analysis shows that the price of WULF currently trading nearly 30.27% and 44.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.26, while the 7-day volatility ratio is showing 10.35% which for the 30-day chart, stands at 10.02%. Furthermore, TeraWulf Inc (WULF)’s beta value is 2.58, and its average true range (ATR) is 0.55.
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 2.99% in last session, and over the past year, it grew by 515.18%%.
Data on historical trading for TeraWulf Inc (NASDAQ:WULF) indicates that the trading volumes over the past 10 days have averaged 36.99 and over the past 3 months, they’ve averaged 22.17 million. According to company’s latest data on outstanding shares, there are 276.73 million shares outstanding.
Nearly 28.27% of TeraWulf Inc’s shares belong to company insiders and institutional investors own 45.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.7 million shares as on 2024-10-15, resulting in a short ratio of 2.37. According to the data, the short interest in TeraWulf Inc (WULF) stood at 1547.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 41.79 million. The stock has risen by 187.08% 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.
