Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Acquires $729,600.00 in Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 160,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average price of $4.56 per share, for a total transaction of $729,600.00. Following the completion of the transaction, the insider directly owned 1,260,000 shares in the company, valued at approximately $5,745,600. This represents a 14.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Monday, January 12th, Endeavor Blockchain, Llc bought 22,018 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.54 per share, with a total value of $99,961.72.

Mawson Infrastructure Group Price Performance

MIGI traded down $0.40 during midday trading on Monday, reaching $4.10. 557,588 shares of the company’s stock were exchanged, compared to its average volume of 273,273. Mawson Infrastructure Group Inc. has a 1-year low of $3.79 and a 1-year high of $40.00. The stock has a market capitalization of $4.67 million, a PE ratio of -0.33 and a beta of 4.55. The business’s 50-day moving average price is $7.90 and its 200 day moving average price is $10.78.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MIGI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. Wall Street Zen downgraded shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat, 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.