Endeavor Blockchain, Llc Purchases 42,100 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc purchased 42,100 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were acquired at an average price of $4.57 per share, with a total value of $192,397.00. Following the purchase, the insider directly owned 1,500,000 shares in the company, valued at $6,855,000. This represents a 2.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, January 26th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.84 per share, for a total transaction of $290,400.00.
• On Tuesday, December 16th, Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc bought 60,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost 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 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 shares were bought 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 bought at an average cost of $6.01 per share, with a total value of $631,080.05.
• On Tuesday, December 9th, Endeavor Blockchain, Llc bought 70,106 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.74 per share, for a total transaction of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc purchased 50,301 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.37 per share, with a total value 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 cost of $4.39 per share, with a total value of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc acquired 59,832 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.84 per share, for a total transaction of $289,586.88.

Mawson Infrastructure Group Price Performance

MIGI opened at $4.12 on Friday. Mawson Infrastructure Group Inc. has a 1 year low of $3.79 and a 1 year high of $40.00. The company has a market capitalization of $4.70 million, a price-to-earnings ratio of -0.33 and a beta of 4.55. The firm’s fifty day moving average price is $4.65 and its two-hundred day moving average price is $10.23.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, beating 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. As a group, equities analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MIGI. Wall Street Zen cut Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Wednesday. Finally, Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Two investment 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, Mawson Infrastructure Group presently has a consensus 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.