Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Purchases 22,018 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc purchased 22,018 shares of the company’s stock in a transaction on Monday, January 12th. The stock was acquired at an average cost of $4.54 per share, for a total transaction of $99,961.72. Following the completion of the transaction, the insider owned 75,000 shares in the company, valued at approximately $340,500. This trade represents a 41.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Endeavor Blockchain, Llc also recently made the following trade(s):

• On Friday, January 9th, Endeavor Blockchain, Llc acquired 160,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.56 per share, with a total value of $729,600.00.

Mawson Infrastructure Group Price Performance

MIGI stock traded down $0.40 on Monday, reaching $4.10. 557,588 shares of the company were exchanged, compared to its average volume of 273,273. The firm 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 12 month low of $3.79 and a 12 month high of $40.00. The stock’s fifty day moving average price is $7.90 and its 200 day moving average price is $10.78.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly 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 during the quarter, compared to analyst estimates of $5.30 million. As a group, research analysts expect that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MIGI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen lowered shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Mawson Infrastructure Group Company Profile

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.