Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Releases Quarterly Earnings Results, Beats Estimates By $10.52 EPS

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) posted its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($10.40) by $10.52, FiscalAI reports. The company had revenue of $4.82 million for the quarter, compared to analysts’ expectations of $3.32 million.

Big Digital Energy, Inc. Common Stock Stock Up 5.0%

BGDE traded up $0.30 on Thursday, reaching $6.30. The company’s stock had a trading volume of 131,999 shares, compared to its average volume of 247,409. The stock has a 50 day moving average of $4.11 and a two-hundred day moving average of $6.09. The company has a market capitalization of $34.59 million, a price-to-earnings ratio of -0.50 and a beta of 4.95. Big Digital Energy, Inc. Common Stock has a fifty-two week low of $1.70 and a fifty-two week high of $40.00.

Analysts Set New Price Targets

A number of brokerages have recently commented on BGDE. Wall Street Zen downgraded Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Big Digital Energy, Inc. Common Stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently 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.