Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Announces Earnings Results

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) posted its quarterly earnings data on Friday. The company reported ($1.13) earnings per share (EPS) for the quarter, FiscalAI reports. Big Digital Energy, Inc. Common Stock had a negative return on equity of 2,070.87% and a negative net margin of 80.68%. The firm had revenue of $8.66 million for the quarter.

Big Digital Energy, Inc. Common Stock Price Performance

Shares of NASDAQ BGDE traded up $0.52 during mid-day trading on Friday, reaching $3.16. 138,775 shares of the company’s stock were exchanged, compared to its average volume of 72,568. The firm has a market capitalization of $18.08 million, a price-to-earnings ratio of -0.25 and a beta of 5.16. Big Digital Energy, Inc. Common Stock has a 52 week low of $1.70 and a 52 week high of $21.60. The firm has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $5.34.

Insiders Place Their Bets

In related news, major shareholder Endeavor Blockchain, Llc purchased 39,090 shares of Big Digital Energy, Inc. Common Stock stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $6.72 per share, for a total transaction of $262,684.80. Following the completion of the transaction, the insider owned 1,570,000 shares in the company, valued at $10,550,400. This represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 134,517 shares of company stock worth $906,320 in the last three months. 50.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BGDE. JonesTrading raised shares of Big Digital Energy, Inc. Common Stock to a “strong-buy” rating in a research report on Sunday, September 27th. Wall Street Zen downgraded shares of Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Big Digital Energy, Inc. Common Stock in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Big Digital Energy, Inc. Common Stock Company Profile

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities. The company is based in Midland, Pennsylvania.