On August 7, TeraWulf Inc. rose 5.41% in regular trading, trading at $18.01/share, with turnover of $48.08 million. The stock entered an oversold recovery phase following two consecutive sessions of sharp declines triggered by a massive Q2 earnings miss.
On August 5, the company reported Q2 EPS of -$1.94, far worse than the FactSet consensus estimate of -$0.31, representing a deviation of approximately 782%. Revenue came in at $44.8 million, also below the $46.4 million estimate. The loss widened dramatically from -$0.05 per share a year earlier, severely denting market confidence.
Supporting the rebound, B. Riley on August 3 raised its price target to $40 from $32 while maintaining a Buy rating. The FactSet consensus target stands at $38.26, implying over 100% upside from current levels. The market appears to be repricing the long-term value of the company's AI infrastructure pivot, anchored by a 20-year, $19 billion data center lease agreement with Anthropic announced in early July.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)