Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Acquires $22,657.50 in Stock

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Daniel Morrison bought 3,021 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $7.50 per share, with a total value of $22,657.50. Following the acquisition, the director directly owned 3,021 shares of the company’s stock, valued at approximately $22,657.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Big Digital Energy, Inc. Common Stock Stock Up 2.9%

Shares of BGDE traded up $0.21 during midday trading on Friday, reaching $7.40. 123,982 shares of the stock were exchanged, compared to its average volume of 398,357. Big Digital Energy, Inc. Common Stock has a twelve month low of $1.70 and a twelve month high of $40.00. The company has a market cap of $40.85 million, a P/E ratio of -0.59 and a beta of 5.06. The stock’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $4.50.

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($12.11) EPS for the quarter, missing analysts’ consensus estimates of ($10.40) by ($1.71). The company had revenue of $3.23 million during the quarter, compared to the consensus estimate of $5.30 million.

Analysts Set New Price Targets

A number of research analysts have issued reports on BGDE shares. Wall Street Zen cut Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Big Digital Energy, Inc. Common Stock in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Big Digital Energy, Inc. Common Stock 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.