Key Points
- Endeavor Blockchain, Llc bought 22,018 Mawson Infrastructure Group shares on Jan. 12 at an average $4.54, increasing its stake to 75,000 shares (a 41.56% rise); the filing also shows a Jan. 9 purchase of 160,000 shares at $4.56.
- Despite reporting stronger-than-expected quarterly results (EPS $0.20 vs. -$10.60 consensus; revenue $13.18M vs. $5.30M), MIGI shares opened at $4.10 (down ~8.9%), the company has a market cap of $4.67M and analysts' average rating is "Reduce."
Mawson Infrastructure Group Inc. (NASDAQ:MIGI - Get Free Report) major shareholder Endeavor Blockchain, Llc bought 22,018 shares of the stock in a transaction on Monday, January 12th. The stock was acquired at an average price of $4.54 per share, with a total value of $99,961.72. Following the completion of the acquisition, the insider owned 75,000 shares of the company's stock, valued at $340,500. This represents a 41.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Endeavor Blockchain, Llc also recently made the following trade(s):
- On Friday, January 9th, Endeavor Blockchain, Llc purchased 160,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.56 per share, for a total transaction of $729,600.00.
Mawson Infrastructure Group Stock Down 8.9%
Shares of MIGI stock opened at $4.10 on Tuesday. The firm has a 50 day moving average of $7.53 and a 200-day moving average of $10.75. The company has a market cap of $4.67 million, a price-to-earnings ratio of -0.33 and a beta of 4.55. Mawson Infrastructure Group Inc. has a 52 week low of $3.79 and a 52 week high of $40.00.
Mawson Infrastructure Group (NASDAQ:MIGI - Get Free Report) last issued its earnings results on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($10.60) by $10.80. The company had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. Analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on MIGI shares. Zacks Research raised Mawson Infrastructure Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 28th. Wall Street Zen lowered Mawson Infrastructure Group from a "buy" rating to a "hold" rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce".
Check Out Our Latest Stock Analysis on Mawson Infrastructure Group
Mawson Infrastructure Group Company Profile
(
Get Free Report)
Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.
The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
