Endeavor Blockchain, Llc Purchases 140,000 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 140,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were acquired at an average price of $4.68 per share, with a total value of $655,200.00. Following the completion of the transaction, the insider directly owned 1,400,000 shares of the company’s stock, valued at $6,552,000. This trade represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Endeavor Blockchain, Llc also recently made the following trade(s):

• On Monday, January 12th, Endeavor Blockchain, Llc purchased 22,018 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.54 per share, with a total value of $99,961.72.
• On Friday, January 9th, Endeavor Blockchain, Llc acquired 160,000 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.56 per share, for a total transaction of $729,600.00.

Mawson Infrastructure Group Price Performance

NASDAQ:MIGI opened at $4.41 on Thursday. The company has a 50 day moving average price of $5.33 and a 200-day moving average price of $10.53. Mawson Infrastructure Group Inc. has a 1-year low of $3.79 and a 1-year high of $40.00. The firm has a market cap of $5.03 million, a price-to-earnings ratio of -0.35 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 (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Wall Street Zen cut shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mawson Infrastructure Group presently has an average 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.