Can Buying TeraWulf Inc (NASDAQ: WULF) Still Be Worthwhile?

TeraWulf Inc (NASDAQ:WULF) does about 19.47M shares in volume on a normal day but saw 28147685 shares change hands in Monday trading. The company now has a market cap of 1.83B USD. Its current market price is $5.47, marking a decrease of -1.97% compared to the previous close of $5.58. The 52 week high reached by this stock is $5.71 whilst the lowest price level in 52 weeks is $0.89.

TeraWulf Inc (WULF) has a 20-day trading average at $4.41 and the current price is -4.20% off the 52-week high compared with 513.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.12 and its 200-day simple moving average is $2.07. If we look at the stock’s price movements over the week, volatility stands at 12.56%, which increases to 13.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.85 to suggest the stock is overbought.

The consensus objective for the share price is $6.78, suggesting that the stock has a potential upside of 19.32% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 02, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $6.50. Rosenblatt initiated its price target at $4.20.

TeraWulf Inc (WULF) stock is up 22.92% over the week and 96.06% over the past month. Its price is 127.92% year-to-date and 128.87% over the past year.

To reach the target analysts have set, the stock logically needs to grow 19.32 percent from here.

The company has a return on investment of -21.18% and return on equity of -27.08%. The forward price to earnings ratio is 33.49. The beta has a value of 2.61. Price to book ratio is 6.30 and price to sales ratio is 18.24.