Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Buys $483,738.49 in Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 110,191 shares of Mawson Infrastructure Group stock in a transaction 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 purchase, the insider directly owned 399,811 shares in the company, valued at approximately $1,755,170.29. The trade was a 38.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 bought 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 purchased 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 acquired 98,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $5.37 per share, with a total value of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc acquired 124,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $8.44 per share, with a total value of $1,046,560.00.
• On Wednesday, December 10th, Endeavor Blockchain, Llc bought 105,005 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $631,080.05.
• On Tuesday, December 9th, Endeavor Blockchain, Llc purchased 70,106 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $4.74 per share, with a total value of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc purchased 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 Wednesday, December 3rd, Endeavor Blockchain, Llc acquired 59,832 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $4.84 per share, with a total value of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc bought 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 purchased 29,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.83 per share, with a total value of $140,070.00.

Mawson Infrastructure Group Price Performance

Mawson Infrastructure Group stock traded up $0.05 during midday trading on Thursday, reaching $4.46. The company had a trading volume of 254,806 shares, compared to its average volume of 262,056. Mawson Infrastructure Group Inc. has a 12-month low of $3.79 and a 12-month high of $40.00. The company has a market capitalization of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55. The firm’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $10.53.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($10.60) by $10.80. The firm had revenue of $13.18 million for the quarter, compared to analyst estimates of $5.30 million. On average, analysts expect that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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