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An Analysis of TeraWulf Inc (WULF)’s Potential Price Growth

TeraWulf Inc’s recent filing unveils that its Chief Acct Officer + Treasurer Deane Kenneth J unloaded Company’s shares for reported $0.23 million on Jun 07 ’24. In the deal valued at $3.25 per share,69,996 shares were sold. As a result of this transaction, Deane Kenneth J now holds 337,245 shares worth roughly $1.37 million.

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Needham initiated its TeraWulf Inc [WULF] rating to a Buy in a research note published on September 04, 2024; the price target was $6. ROTH MKM began covering WULF with “Buy” recommendation on July 02, 2024.

Price Performance Review of WULF

On Tuesday, TeraWulf Inc [NASDAQ:WULF] saw its stock jump 3.17% to $4.07. Over the last five days, the stock has lost -4.13%. TeraWulf Inc shares have risen nearly 69.37% since the year began. Nevertheless, the stocks have risen 141.96% over the past one year. While a 52-week high of $6.51 was reached on 07/17/24, a 52-week low of $0.89 was recorded on 01/19/24. SMA at 50 days reached $4.42, while 200 days put it at $2.88.

Levels Of Support And Resistance For WULF Stock

The 24-hour chart illustrates a support level at 3.94, which if violated will result in even more drops to 3.81. On the upside, there is a resistance level at 4.29. A further resistance level may holdings at 4.52. The Relative Strength Index (RSI) on the 14-day chart is 47.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.43%. Stochastics %K at 41.72% indicates the stock is a holding.

How much short interest is there in TeraWulf Inc?

A steep rise in short interest was recorded in TeraWulf Inc stocks on 2024-08-30, growing by 9.83 million shares to a total of 42.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 32.22 million shares. There was a rise of 23.37%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 09, 2024 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $4.20 price target.

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