Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Purchases 18,599 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc purchased 18,599 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $4.90 per share, for a total transaction of $91,135.10. Following the completion of the purchase, the insider owned 247,150 shares in the company, valued at $1,211,035. The trade was a 8.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, December 16th, Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.07 per share, with a total value of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock. The shares were 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 acquired 98,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $5.37 per share, for a total transaction of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc purchased 124,000 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost 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 shares were acquired at an average price of $6.01 per share, with a total value of $631,080.05.
• On Tuesday, December 9th, Endeavor Blockchain, Llc acquired 70,106 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.74 per share, with a total value of $332,302.44.
• On Monday, December 8th, Endeavor Blockchain, Llc bought 50,301 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.37 per share, for a total transaction of $219,815.37.
• On Friday, December 5th, Endeavor Blockchain, Llc purchased 110,191 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $4.39 per share, with a total value of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.84 per share, with a total value of $289,586.88.
• On Monday, December 1st, Endeavor Blockchain, Llc acquired 29,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $4.83 per share, for a total transaction of $140,070.00.

Mawson Infrastructure Group Trading Up 1.1%

Shares of MIGI traded up $0.05 during midday trading on Thursday, reaching $4.46. 254,806 shares of the company were exchanged, compared to its average volume of 262,056. Mawson Infrastructure Group Inc. has a 1-year low of $3.79 and a 1-year high of $40.00. The stock has a 50-day moving average price of $5.33 and a 200-day moving average price of $10.53. The company has a market cap of $5.10 million, a price-to-earnings ratio of -0.35 and a beta of 4.55.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MIGI. Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research note on Friday, October 31st. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen cut shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.