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

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

Big Digital Energy, Inc. Common Stock Trading Up 19.7%

Big Digital Energy, Inc. Common Stock stock opened at $3.16 on Friday. Big Digital Energy, Inc. Common Stock has a 1-year low of $1.70 and a 1-year high of $21.60. The firm has a market capitalization of $18.08 million, a PE ratio of -0.25 and a beta of 5.16. The firm’s 50 day simple moving average is $5.18 and its 200 day simple moving average is $5.34.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BGDE shares. JonesTrading upgraded Big Digital Energy, Inc. Common Stock to a “strong-buy” rating in a research report on Sunday, September 27th. Wall Street Zen cut Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Big Digital Energy, Inc. Common Stock in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Insider Buying and Selling

In other news, major shareholder Endeavor Blockchain, Llc purchased 39,090 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $6.72 per share, with a total value of $262,684.80. Following the acquisition, the insider directly owned 1,570,000 shares in the company, valued at approximately $10,550,400. This trade represents a 2.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have acquired 134,517 shares of company stock valued at $906,320. 50.20% of the stock is owned by company insiders.

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.