Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Acquires $22,657.50 in Stock

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Daniel Morrison bought 3,021 shares of the business’s stock in a transaction on Friday, June 12th. The shares were acquired at an average price of $7.50 per share, for a total transaction of $22,657.50. Following the completion of the transaction, the director owned 3,021 shares in the company, valued at approximately $22,657.50. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Big Digital Energy, Inc. Common Stock Stock Performance

Big Digital Energy, Inc. Common Stock stock traded up $0.21 during trading hours on Friday, reaching $7.40. 123,982 shares of the company’s stock traded hands, compared to its average volume of 398,357. The firm has a market capitalization of $40.85 million, a price-to-earnings ratio of -0.59 and a beta of 5.06. The firm’s 50 day moving average is $5.76 and its 200-day moving average is $4.50. Big Digital Energy, Inc. Common Stock has a fifty-two week low of $1.70 and a fifty-two week high of $40.00.

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($12.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.40) by ($1.71). The company had revenue of $3.23 million for the quarter, compared to analyst estimates of $5.30 million.

Analysts Set New Price Targets

A number of analysts recently issued reports on BGDE shares. Wall Street Zen cut Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Big Digital Energy, Inc. Common Stock in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Big Digital Energy, Inc. Common Stock 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.