Endeavor Blockchain, Llc Buys 29,000 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 29,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $4.83 per share, for a total transaction of $140,070.00. Following the completion of the purchase, the insider owned 230,000 shares of the company’s stock, valued at approximately $1,110,900. The trade was a 14.43% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Tuesday, December 16th, Endeavor Blockchain, Llc purchased 20,245 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.07 per share, for a total transaction of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.36 per share, with a total value of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc acquired 98,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $5.37 per share, for a total transaction of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc purchased 124,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $8.44 per share, with a total value of $1,046,560.00.
• On Wednesday, December 10th, Endeavor Blockchain, Llc acquired 105,005 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost 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 price of $4.74 per share, with a total value of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc bought 50,301 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost 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 bought at an average price of $4.39 per share, for a total transaction of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.84 per share, with a total value of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc purchased 18,599 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.90 per share, with a total value of $91,135.10.

Mawson Infrastructure Group Price Performance

Shares of MIGI stock traded up $0.05 during trading hours on Thursday, reaching $4.46. 254,806 shares of the company traded hands, compared to its average volume of 262,056. The firm has a 50-day moving average price of $5.33 and a 200 day moving average price of $10.53. The company has a market cap of $5.10 million, a P/E ratio of -0.35 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.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($10.60) by $10.80. The firm had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. Sell-side analysts predict that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current year.

Analyst Ratings Changes

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