Insider Buying: Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Major Shareholder Purchases $107,680.00 in Stock

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) major shareholder Endeavor Blockchain, Llc acquired 16,000 shares of Big Digital Energy, Inc. Common Stock stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $6.73 per share, with a total value of $107,680.00. Following the purchase, the insider owned 1,600,000 shares of the company’s stock, valued at $10,768,000. This represents a 1.01% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 17th, Endeavor Blockchain, Llc acquired 14,600 shares of Big Digital Energy, Inc. Common Stock stock. The shares were acquired at an average cost of $7.18 per share, with a total value of $104,828.00.
• On Friday, August 14th, Endeavor Blockchain, Llc bought 39,090 shares of Big Digital Energy, Inc. Common Stock stock. The stock was bought at an average price of $6.72 per share, with a total value of $262,684.80.
• On Tuesday, June 30th, Endeavor Blockchain, Llc acquired 16,700 shares of Big Digital Energy, Inc. Common Stock stock. The shares were purchased at an average price of $1,000.00 per share, for a total transaction of $16,700,000.00.
• On Thursday, June 11th, Endeavor Blockchain, Llc bought 43,886 shares of Big Digital Energy, Inc. Common Stock stock. The stock was purchased at an average cost of $7.05 per share, with a total value of $309,396.30.
• On Friday, June 12th, Endeavor Blockchain, Llc acquired 25,784 shares of Big Digital Energy, Inc. Common Stock stock. The stock was acquired at an average price of $7.33 per share, with a total value of $188,996.72.

Big Digital Energy, Inc. Common Stock Price Performance

NASDAQ BGDE traded down $0.43 during trading on Tuesday, hitting $6.57. 59,159 shares of the company’s stock traded hands, compared to its average volume of 72,976. The firm has a market cap of $36.27 million, a P/E ratio of -0.52 and a beta of 5.05. The stock has a fifty day moving average of $7.15 and a two-hundred day moving average of $5.35. Big Digital Energy, Inc. Common Stock has a 12-month low of $1.70 and a 12-month high of $40.00.

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) last issued its earnings results on Friday, August 14th. The company reported ($1.33) earnings per share for the quarter. The company had revenue of $6.15 million during the quarter.

Analyst Upgrades and Downgrades

BGDE has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Big Digital Energy, Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. Wall Street Zen cut Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Big Digital Energy, Inc. Common Stock has an average rating of “Reduce”.

About Big Digital Energy, Inc. Common Stock

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.