Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Acquires $99,961.72 in Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 22,018 shares of the stock in a transaction dated Monday, January 12th. The stock was bought at an average cost of $4.54 per share, for a total transaction of $99,961.72. Following the acquisition, the insider directly owned 75,000 shares of the company’s stock, valued at approximately $340,500. This represents a 41.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, January 9th, Endeavor Blockchain, Llc bought 160,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.56 per share, with a total value of $729,600.00.

Mawson Infrastructure Group Stock Performance

Shares of NASDAQ MIGI opened at $4.62 on Thursday. The company has a market cap of $5.27 million, a P/E ratio of -0.37 and a beta of 4.55. Mawson Infrastructure Group Inc. has a 52-week low of $3.79 and a 52-week high of $40.00. The firm’s fifty day moving average is $6.85 and its two-hundred day moving average is $10.70.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings data on Friday, November 14th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($10.60) by $10.80. The company had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. As a group, analysts forecast that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MIGI has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. 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. Finally, Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company 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.