HC Wainwright Has Negative Outlook of MIGI FY2025 Earnings

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) – HC Wainwright reduced their FY2025 earnings estimates for Mawson Infrastructure Group in a note issued to investors on Wednesday, April 2nd. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.20) per share for the year, down from their prior forecast of ($0.13). HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for Mawson Infrastructure Group’s current full-year earnings is ($1.85) per share.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.22) earnings per share for the quarter, meeting the consensus estimate of ($0.22). The company had revenue of $15.07 million for the quarter, compared to analyst estimates of $14.40 million. Mawson Infrastructure Group had a negative return on equity of 368.57% and a negative net margin of 93.68%.

Mawson Infrastructure Group Stock Performance

Mawson Infrastructure Group stock opened at $0.38 on Monday. The firm has a market capitalization of $7.17 million, a P/E ratio of -0.12 and a beta of 3.70. The stock has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $1.06. Mawson Infrastructure Group has a 52-week low of $0.35 and a 52-week high of $2.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.39 and a quick ratio of 0.39.

Institutional Investors Weigh In On Mawson Infrastructure Group

Large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in Mawson Infrastructure Group by 305.5% in the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock valued at $84,000 after buying an additional 50,945 shares in the last quarter. Virtu Financial LLC increased its holdings in Mawson Infrastructure Group by 150.2% during the 4th quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after purchasing an additional 22,873 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Mawson Infrastructure Group in the 4th quarter valued at $161,000. 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.