Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Buys 110,191 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 110,191 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average price of $4.39 per share, with a total value of $483,738.49. Following the transaction, the insider owned 399,811 shares of the company’s stock, valued at $1,755,170.29. The trade was a 38.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares 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 purchased 20,245 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.36 per share, for a total transaction of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc acquired 98,000 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $5.37 per share, for a total transaction of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc bought 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 shares were bought at an average price 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 cost 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 stock was bought at an average price of $4.37 per share, with a total value of $219,815.37.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 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.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc purchased 18,599 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.90 per share, with a total value of $91,135.10.
• On Monday, December 1st, Endeavor Blockchain, Llc purchased 29,000 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.83 per share, with a total value of $140,070.00.

Mawson Infrastructure Group Price Performance

Shares of MIGI traded up $0.05 during mid-day trading on Thursday, reaching $4.46. 254,806 shares of the company’s stock traded hands, compared to its average volume of 262,056. The stock’s 50-day moving average is $5.33 and its two-hundred day moving average is $10.53. Mawson Infrastructure Group Inc. has a 12 month low of $3.79 and a 12 month high of $40.00. The stock has a market cap of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($10.60) by $10.80. The business had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $5.30 million. Research analysts predict that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Zacks Research raised shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.