Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Releases Earnings Results, Beats Expectations By $10.52 EPS

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) issued its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($10.40) by $10.52, FiscalAI reports. The company had revenue of $4.82 million for the quarter, compared to analysts’ expectations of $3.32 million.

Big Digital Energy, Inc. Common Stock Price Performance

NASDAQ:BGDE traded up $0.30 during mid-day trading on Thursday, reaching $6.30. 131,999 shares of the company’s stock traded hands, compared to its average volume of 459,980. The company has a 50 day moving average price of $4.04 and a 200-day moving average price of $6.22. The firm has a market capitalization of $34.59 million, a price-to-earnings ratio of -0.50 and a beta of 4.95. Big Digital Energy, Inc. Common Stock has a 12-month low of $1.70 and a 12-month high of $40.00.

Analysts Set New Price Targets

BGDE has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Big Digital Energy, Inc. Common Stock in a research report on Wednesday, January 28th. Wall Street Zen cut shares of Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About Big Digital Energy, Inc. Common Stock

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.