Endeavor Blockchain, Llc Buys 70,106 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc acquired 70,106 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average cost of $4.74 per share, with a total value of $332,302.44. Following the completion of the acquisition, the insider directly owned 520,000 shares of the company’s stock, valued at approximately $2,464,800. This trade represents a 15.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, December 16th, Endeavor Blockchain, Llc bought 20,245 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.36 per share, with a total value of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc acquired 98,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $5.37 per share, with a total value of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc bought 124,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $8.44 per share, for a total transaction of $1,046,560.00.
• On Wednesday, December 10th, Endeavor Blockchain, Llc acquired 105,005 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $631,080.05.
• On Monday, December 8th, Endeavor Blockchain, Llc bought 50,301 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.37 per share, with a total value of $219,815.37.
• On Friday, December 5th, Endeavor Blockchain, Llc purchased 110,191 shares of Mawson Infrastructure Group stock. The shares were purchased at an average price of $4.39 per share, for a total transaction of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc acquired 59,832 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.84 per share, with a total value of $289,586.88.
• On Tuesday, December 2nd, Endeavor Blockchain, Llc acquired 18,599 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.90 per share, for a total transaction of $91,135.10.
• On Monday, December 1st, Endeavor Blockchain, Llc bought 29,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.83 per share, for a total transaction of $140,070.00.

Mawson Infrastructure Group Stock Up 1.1%

Shares of Mawson Infrastructure Group stock traded up $0.05 during trading on Thursday, reaching $4.46. The company’s stock had a trading volume of 254,806 shares, compared to its average volume of 262,056. The business has a 50 day moving average price of $5.33 and a 200-day moving average price of $10.53. Mawson Infrastructure Group Inc. has a 12-month low of $3.79 and a 12-month high of $40.00. The company has a market capitalization of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($10.60) by $10.80. The business had revenue of $13.18 million during the quarter, compared to analyst estimates of $5.30 million. Research analysts predict that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MIGI has been the subject of a number of research analyst reports. Zacks Research upgraded Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen cut shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from 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.