Insider Buying: Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Acquires 105,005 Shares of Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 105,005 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $631,080.05. Following the completion of the transaction, the insider owned 625,000 shares of the company’s stock, valued at $3,756,250. This represents a 20.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was purchased at an average price of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc bought 60,000 shares of Mawson Infrastructure Group stock. The shares were 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 bought 98,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $5.37 per share, with a total value of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc purchased 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 Tuesday, December 9th, Endeavor Blockchain, Llc purchased 70,106 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $4.74 per share, for a total transaction of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc acquired 50,301 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost 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 acquired at an average price of $4.39 per share, for a total transaction of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.84 per share, with a total value of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc acquired 18,599 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.90 per share, for a total transaction of $91,135.10.
• On Monday, December 1st, Endeavor Blockchain, Llc bought 29,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.83 per share, with a total value of $140,070.00.

Mawson Infrastructure Group Stock Up 1.1%

Shares of NASDAQ:MIGI traded up $0.05 during trading on Thursday, reaching $4.46. 254,806 shares of the company traded hands, compared to its average volume of 262,056. The firm has a fifty day simple moving average of $5.33 and a 200 day simple moving average 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 $5.10 million, a P/E ratio of -0.35 and a beta of 4.55.

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, topping 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, research analysts anticipate that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current year.

Analysts Set New Price Targets

MIGI has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Wall Street Zen lowered Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mawson Infrastructure Group 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.