Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Purchases 6,000 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were purchased at an average cost of $5.19 per share, for a total transaction of $31,140.00. Following the completion of the transaction, the insider directly owned 201,000 shares of the company’s stock, valued at $1,043,190. This represents a 3.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 Tuesday, December 16th, Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc bought 60,000 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.36 per share, for a total transaction of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc bought 98,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $5.37 per share, for a total transaction of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc bought 124,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $8.44 per share, with a total value of $1,046,560.00.
• On Wednesday, December 10th, Endeavor Blockchain, Llc purchased 105,005 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $6.01 per share, for a total transaction of $631,080.05.
• On Tuesday, December 9th, Endeavor Blockchain, Llc acquired 70,106 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.74 per share, for a total transaction of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc acquired 50,301 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $4.37 per share, with a total value of $219,815.37.
• On Friday, December 5th, Endeavor Blockchain, Llc bought 110,191 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $4.39 per share, with a total value of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc bought 59,832 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.84 per share, for a total transaction of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc purchased 18,599 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.90 per share, with a total value of $91,135.10.

Mawson Infrastructure Group Stock Up 1.1%

NASDAQ MIGI traded up $0.05 during trading hours on Thursday, reaching $4.46. 254,806 shares of the company were exchanged, compared to its average volume of 262,056. The stock has a market capitalization of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55. Mawson Infrastructure Group Inc. has a 1 year low of $3.79 and a 1 year high of $40.00. The business’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $10.53.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($10.60) by $10.80. The company had revenue of $13.18 million during the quarter, compared to analysts’ expectations of $5.30 million. As a group, sell-side analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current year.

Analysts Set New Price Targets

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

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 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.