We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TeraWulf (WULF) Moves 18.5% Higher: Will This Strength Last?
Read MoreHide Full Article
TeraWulf Inc. (WULF - Free Report) shares soared 18.5% in the last trading session to close at $6.21. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.4% gain over the past four weeks.
Shares of TeraWulf rallied for the second consecutive trading session. The surge in the company’s shares seems to be driven by investor optimism about Bitcoin's trajectory. Several favorable factors including easing monetary policy across the globe, growing support for cryptocurrency-friendly policies in the upcoming U.S. presidential poll, and general weakness in traditional safe-haven assets are expected to drive Bitcoin prices higher. Hence, the shares of this energy infrastructure firm which supports Bitcoin mining and AI/HPC applications drove higher.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +66.7%. Revenues are expected to be $33.37 million, up 76% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For TeraWulf, the consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on WULF going forward to see if this recent jump can turn into more strength down the road.
TeraWulf belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Chicago Atlantic Real Estate Finance, Inc. (REFI - Free Report) , closed the last trading session 0.9% lower at $15.46. Over the past month, REFI has returned -1%.
Chicago Atlantic Real Estate Finance's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.55. Compared to the company's year-ago EPS, this represents a change of -3.5%. Chicago Atlantic Real Estate Finance currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TeraWulf (WULF) Moves 18.5% Higher: Will This Strength Last?
TeraWulf Inc. (WULF - Free Report) shares soared 18.5% in the last trading session to close at $6.21. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.4% gain over the past four weeks.
Shares of TeraWulf rallied for the second consecutive trading session. The surge in the company’s shares seems to be driven by investor optimism about Bitcoin's trajectory. Several favorable factors including easing monetary policy across the globe, growing support for cryptocurrency-friendly policies in the upcoming U.S. presidential poll, and general weakness in traditional safe-haven assets are expected to drive Bitcoin prices higher. Hence, the shares of this energy infrastructure firm which supports Bitcoin mining and AI/HPC applications drove higher.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +66.7%. Revenues are expected to be $33.37 million, up 76% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For TeraWulf, the consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on WULF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
TeraWulf belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Chicago Atlantic Real Estate Finance, Inc. (REFI - Free Report) , closed the last trading session 0.9% lower at $15.46. Over the past month, REFI has returned -1%.
Chicago Atlantic Real Estate Finance's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.55. Compared to the company's year-ago EPS, this represents a change of -3.5%. Chicago Atlantic Real Estate Finance currently boasts a Zacks Rank of #3 (Hold).