Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Buys 20,245 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of $4.07 per share, for a total transaction of $82,397.15. Following the completion of the purchase, the insider owned 915,000 shares of the company’s stock, valued at approximately $3,724,050. The trade was a 2.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Endeavor Blockchain, Llc also recently made the following trade(s):

• On Monday, December 15th, Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.36 per share, for a total transaction of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc purchased 98,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $5.37 per share, for a total transaction of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc acquired 124,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost 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 bought at an average price of $6.01 per share, with a total value of $631,080.05.
• On Tuesday, December 9th, Endeavor Blockchain, Llc purchased 70,106 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.74 per share, for a total transaction of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc acquired 50,301 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.37 per share, for a total transaction of $219,815.37.
• On Friday, December 5th, Endeavor Blockchain, Llc bought 110,191 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.39 per share, with a total value of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc bought 59,832 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.84 per share, for a total transaction of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc purchased 18,599 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.90 per share, with a total value of $91,135.10.
• On Monday, December 1st, Endeavor Blockchain, Llc acquired 29,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.83 per share, with a total value of $140,070.00.

Mawson Infrastructure Group Stock Up 1.1%

Mawson Infrastructure Group stock traded up $0.05 during mid-day trading on Thursday, hitting $4.46. 254,806 shares of the company’s stock were exchanged, compared to its average volume of 262,056. The company’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $10.53. The firm has a market capitalization of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55. Mawson Infrastructure Group Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $40.00.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($10.60) by $10.80. The business had revenue of $13.18 million during the quarter, compared to the consensus estimate of $5.30 million. Research analysts expect that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current year.

Analyst Upgrades and Downgrades

MIGI has been the subject of several research analyst reports. Zacks Research upgraded shares of 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 report 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 investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mawson Infrastructure Group presently has an average 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.