KD Logo

TeraWulf Inc (WULF) receives a Buy rating from Needham

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 $2.37 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 Friday, TeraWulf Inc [NASDAQ:WULF] saw its stock fall -6.51% to $7.04. Over the last five days, the stock has lost -13.30%. TeraWulf Inc shares have risen nearly 193.33% since the year began. Nevertheless, the stocks have risen 331.90% over the past one year. While a 52-week high of $9.30 was reached on 11/13/24, a 52-week low of $1.24 was recorded on 01/19/24. SMA at 50 days reached $6.56, while 200 days put it at $4.22.

Levels Of Support And Resistance For WULF Stock

The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.52. On the upside, there is a resistance level at 7.49. A further resistance level may holdings at 7.93. The Relative Strength Index (RSI) on the 14-day chart is 48.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.38%. Stochastics %K at 32.28% 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 2024-11-29, dropping by -2.95 million shares to a total of 56.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 59.47 million shares. There was a decline of -5.22%, which implies that there is a negative 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.

Most Popular