HC Wainwright Reaffirms “Buy” Rating for Mawson Infrastructure Group (NASDAQ:MIGI)

HC Wainwright reiterated their buy rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research note released on Wednesday morning, Benzinga reports. HC Wainwright currently has a $3.00 price objective on the stock. HC Wainwright also issued estimates for Mawson Infrastructure Group’s Q2 2024 earnings at ($0.57) EPS, Q3 2024 earnings at ($0.65) EPS, Q4 2024 earnings at ($0.72) EPS and FY2024 earnings at ($2.42) EPS.

Separately, Cantor Fitzgerald reaffirmed a neutral rating and set a $1.00 price objective on shares of Mawson Infrastructure Group in a report on Monday, April 1st.

Mawson Infrastructure Group Stock Performance

Shares of MIGI stock opened at $1.33 on Wednesday. The stock has a fifty day moving average price of $1.27 and a 200 day moving average price of $1.62. The stock has a market cap of $23.30 million, a PE ratio of -0.32 and a beta of 3.29. Mawson Infrastructure Group has a 1 year low of $0.43 and a 1 year high of $4.40.

Mawson Infrastructure Group (NASDAQ:MIGI) last issued its quarterly earnings data on Monday, April 1st. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.82) by $0.06. The firm had revenue of $14.02 million during the quarter, compared to analysts’ expectations of $9.20 million. Mawson Infrastructure Group had a negative return on equity of 159.45% and a negative net margin of 126.36%. As a group, equities research analysts predict that Mawson Infrastructure Group will post -2.42 earnings per share for the current year.

Hedge Funds Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Regal Partners Ltd grew its stake in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,109 shares of the company’s stock after buying an additional 65,167 shares during the period. Regal Partners Ltd owned 1.85% of Mawson Infrastructure Group worth $168,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.86% of the company’s stock.

Mawson Infrastructure Group Company Profile

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.