Let’s look at the key reasons that are pushing TeraWulf Inc (WULF) to new highs

On Monday, TeraWulf Inc (NASDAQ: WULF) was 7.37% up from the session before settling in for the closing price of $6.38. A 52-week range for WULF has been $0.89 – $6.70.

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During the last 5-year period, the sales growth of Financial Sector giant was 46.70%. When this article was written, the company’s average yearly earnings per share was at 68.16%. With a float of $274.43 million, this company’s outstanding shares have now reached $276.73 million.

Let’s determine the extent of company efficiency that accounts for 10 employees. In terms of profitability, gross margin is 30.97%, operating margin of -27.52%, and the pretax margin is -50.09%.

TeraWulf Inc (WULF) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward TeraWulf Inc stocks. The insider ownership of TeraWulf Inc is 28.27%, while institutional ownership is 45.80%. The most recent insider transaction that took place on Jun 07 ’24, was worth 227,137. In this transaction Chief Acct Officer + Treasurer of this company sold 69,996 shares at a rate of $3.25, taking the stock ownership to the 337,245 shares.

TeraWulf Inc (WULF) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.09 earnings per share (EPS) during the time that was less than consensus figure (set at -0.05) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 68.16% per share during the next fiscal year.

TeraWulf Inc (NASDAQ: WULF) Trading Performance Indicators

You can see what TeraWulf Inc (WULF) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.09 in one year’s time.

Technical Analysis of TeraWulf Inc (WULF)

Looking closely at TeraWulf Inc (NASDAQ: WULF), its last 5-days average volume was 44.49 million, which is a jump from its year-to-date volume of 20.74 million. As of the previous 9 days, the stock’s Stochastic %D was 84.99%. Additionally, its Average True Range was 0.53.

During the past 100 days, TeraWulf Inc’s (WULF) raw stochastic average was set at 90.55%, which indicates a significant increase from 87.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.40% in the past 14 days, which was lower than the 110.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.69, while its 200-day Moving Average is $3.33. However, in the short run, TeraWulf Inc’s stock first resistance to watch stands at $7.19. Second resistance stands at $7.53. The third major resistance level sits at $7.78. If the price goes on to break the first support level at $6.60, it is likely to go to the next support level at $6.35. Now, if the price goes above the second support level, the third support stands at $6.01.

TeraWulf Inc (NASDAQ: WULF) Key Stats

There are 333,182K outstanding shares of the company, which has a market capitalization of 2.62 billion. As of now, sales total 69,230 K while income totals -73,420 K. Its latest quarter income was 35,570 K while its last quarter net income were -10,880 K.