Endeavor Blockchain, Llc Buys 160,000 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 160,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were bought at an average cost of $4.56 per share, with a total value of $729,600.00. Following the purchase, the insider owned 1,260,000 shares in the company, valued at approximately $5,745,600. The trade was a 14.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 stock was bought at an average cost of $4.54 per share, for a total transaction of $99,961.72.

Mawson Infrastructure Group Price Performance

MIGI stock traded down $0.40 on Monday, hitting $4.10. 557,588 shares of the company were exchanged, compared to its average volume of 273,273. Mawson Infrastructure Group Inc. has a twelve month low of $3.79 and a twelve month high of $40.00. The business’s fifty day moving average is $7.90 and its two-hundred day moving average is $10.78. The stock has a market capitalization of $4.67 million, a price-to-earnings ratio of -0.33 and a beta of 4.55.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced 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 company had revenue of $13.18 million during the quarter, compared to analyst estimates of $5.30 million. Equities research analysts expect that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Zacks Research upgraded Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.