Endeavor Blockchain, Llc Purchases 60,000 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 60,000 shares of the stock in a transaction dated Monday, January 26th. The stock was purchased at an average cost of $4.84 per share, with a total value of $290,400.00. Following the purchase, the insider directly owned 1,460,000 shares of the company’s stock, valued at $7,066,400. This trade represents a 4.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 bought 20,245 shares of Mawson Infrastructure Group stock. The shares were acquired 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 stock was acquired at an average price of $4.36 per share, with a total value of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc purchased 98,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $5.37 per share, with a total value of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc purchased 124,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $8.44 per share, for a total transaction of $1,046,560.00.
• On Wednesday, December 10th, Endeavor Blockchain, Llc acquired 105,005 shares of Mawson Infrastructure Group stock. The stock was 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 bought 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 shares were bought at an average cost of $4.37 per share, for a total transaction of $219,815.37.
• On Friday, December 5th, Endeavor Blockchain, Llc purchased 110,191 shares of Mawson Infrastructure Group stock. The stock was 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 cost of $4.84 per share, with a total value of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc acquired 18,599 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.90 per share, for a total transaction of $91,135.10.

Mawson Infrastructure Group Price Performance

Shares of MIGI stock opened at $4.69 on Wednesday. The stock has a market capitalization of $5.35 million, a PE ratio of -0.37 and a beta of 4.55. The business’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $10.37. Mawson Infrastructure Group Inc. has a one year low of $3.79 and a one year high of $40.00.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on MIGI shares. Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen cut Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average 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.