HC Wainwright Reaffirms “Buy” Rating for Mawson Infrastructure Group (NASDAQ:MIGI)

HC Wainwright reiterated their buy rating on shares of Mawson Infrastructure Group (NASDAQ:MIGI) in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a $3.00 price target on the stock. HC Wainwright also issued estimates for Mawson Infrastructure Group’s Q2 2024 earnings at ($0.57) EPS, Q3 2024 earnings at ($0.65) EPS, Q4 2024 earnings at ($0.72) EPS and FY2024 earnings at ($2.42) EPS.

Separately, Cantor Fitzgerald reaffirmed a neutral rating and issued a $1.00 price target on shares of Mawson Infrastructure Group in a research note on Monday, April 1st.

Mawson Infrastructure Group Stock Up 10.8 %

Shares of Mawson Infrastructure Group stock opened at $1.33 on Wednesday. Mawson Infrastructure Group has a 52 week low of $0.43 and a 52 week high of $4.40. The business’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.62. The firm has a market cap of $23.30 million, a PE ratio of -0.32 and a beta of 3.29.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Monday, April 1st. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($0.82) by $0.06. Mawson Infrastructure Group had a negative return on equity of 159.45% and a negative net margin of 126.36%. The business had revenue of $14.02 million for the quarter, compared to analyst estimates of $9.20 million. As a group, equities analysts expect that Mawson Infrastructure Group will post -2.42 earnings per share for the current year.

Hedge Funds Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Regal Partners Ltd increased its position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 27.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,109 shares of the company’s stock after acquiring an additional 65,167 shares during the period. Regal Partners Ltd owned about 1.85% of Mawson Infrastructure Group worth $168,000 at the end of the most recent quarter. Institutional investors own 6.86% of the company’s stock.

Mawson Infrastructure Group 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.