Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Purchases $631,080.05 in Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 105,005 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of $6.01 per share, with a total value of $631,080.05. Following the purchase, the insider directly owned 625,000 shares of the company’s stock, valued at approximately $3,756,250. This trade represents a 20.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 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 Tuesday, December 16th, Endeavor Blockchain, Llc purchased 20,245 shares of Mawson Infrastructure Group stock. The shares were purchased at an average price of $4.07 per share, for a total transaction of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.36 per share, with a total value of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc acquired 98,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price 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, with a total value of $1,046,560.00.
• On Tuesday, December 9th, Endeavor Blockchain, Llc acquired 70,106 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $4.74 per share, with a total value of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc acquired 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 bought 110,191 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.39 per share, for a total transaction of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc bought 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 acquired 18,599 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.90 per share, for a total transaction of $91,135.10.
• On Monday, December 1st, Endeavor Blockchain, Llc acquired 29,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.83 per share, for a total transaction of $140,070.00.

Mawson Infrastructure Group Stock Performance

MIGI stock traded up $0.05 during trading on Thursday, hitting $4.46. The stock had a trading volume of 254,806 shares, compared to its average volume of 262,056. The stock has a market cap of $5.10 million, a price-to-earnings ratio of -0.35 and a beta of 4.55. The company’s 50 day moving average price is $5.33 and its two-hundred day moving average price is $10.53. Mawson Infrastructure Group Inc. has a 1-year low of $3.79 and a 1-year high of $40.00.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($10.60) by $10.80. The firm had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $5.30 million. As a group, sell-side analysts forecast that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MIGI. Zacks Research upgraded Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company 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.