Mawson Infrastructure Group Inc. (NASDAQ:MIGI – Get Free Report) major shareholder Endeavor Blockchain, Llc bought 160,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were purchased at an average price of $4.56 per share, for a total transaction of $729,600.00. Following the transaction, the insider directly owned 1,260,000 shares of the company’s stock, valued at approximately $5,745,600. This represents a 14.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Endeavor Blockchain, Llc also recently created the following trade(s):
- On Monday, January 12th, Endeavor Blockchain, Llc bought 22,018 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.54 per share, with a total value of $99,961.72.
Mawson Infrastructure Group Stock Down 8.9%
NASDAQ:MIGI opened at $4.10 on Tuesday. The company has a market capitalization of $4.67 million, a PE 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. The stock’s 50 day relocating average price is $7.53 and its 200 day relocating average price is $10.75.
Mawson Infrastructure Group (NASDAQ:MIGI – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($10.60) by $10.80. The firm had revenue of $13.18 million during the quarter, compared to analyst estimates of $5.30 million. As a group, sell-side analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on MIGI. Zacks Research raised shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen cut Mawson Infrastructure Group from a “acquire” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mawson Infrastructure Group has a consensus rating of “Reduce”.
Read Our Latest Analysis on Mawson Infrastructure Group
About Mawson Infrastructure Group
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 focutilizes 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.
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