TeraWulf Inc (NASDAQ:WULF) shares, rose in value, with the stock price up by 6.61% to the previous day’s close as strong demand from buyers drove the stock to $3.71.
Actively observing the price movement in the last trading, the stock closed the session at $3.48. Referring to stock’s 52-week performance, its high was $9.30, and the low was $1.57. On the whole, WULF has fluctuated by -25.95% over the past month.
With the market capitalization of TeraWulf Inc currently standing at about $1.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 249.54M, with a low estimate of 36.66M and a high estimate of 58.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 47.69M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of WULF currently trading nearly -15.46% and -28.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.13, while the 7-day volatility ratio is showing 16.90% which for the 30-day chart, stands at 10.40%. Furthermore, TeraWulf Inc (WULF)’s beta value is 2.72, and its average true range (ATR) is 0.51.
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 6.61% in last session, and over the past year, it grew by 80.98%%. In comparison, Illinois Tool Works Inc. (ITW) has moved higher at 2.24%% on the day and was up 0.30% over the past 12 months. On the other hand, the price of Photronics Inc. (PLAB) has risen 3.72%% on the day. The stock, however, is off -28.22% from where it was a year ago.
Data on historical trading for TeraWulf Inc (NASDAQ:WULF) indicates that the trading volumes over the past 3 months, they’ve averaged 40.62 million. According to company’s latest data on outstanding shares, there are 385.65 million shares outstanding.
Nearly 25.87% of TeraWulf Inc’s shares belong to company insiders and institutional investors own 49.67% of the company’s shares. The stock has fallen by -34.45% 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.
