Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Acquires 22,018 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 22,018 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were bought at an average cost of $4.54 per share, for a total transaction of $99,961.72. Following the purchase, the insider owned 75,000 shares of the company’s stock, valued at approximately $340,500. The trade was a 41.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Friday, January 9th, Endeavor Blockchain, Llc purchased 160,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.56 per share, with a total value of $729,600.00.

Mawson Infrastructure Group Stock Down 8.9%

Shares of MIGI stock opened at $4.10 on Tuesday. Mawson Infrastructure Group Inc. has a twelve month low of $3.79 and a twelve month high of $40.00. The stock’s fifty day simple moving average is $7.53 and its 200 day simple moving average is $10.75. The firm has a market capitalization of $4.67 million, a P/E ratio of -0.33 and a beta of 4.55.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($10.60) by $10.80. The firm had revenue of $13.18 million during the quarter, compared to the consensus estimate of $5.30 million. As a group, equities research analysts expect that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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