Mawson Infrastructure Group (NASDAQ:MIGI) Major Shareholder Endeavor Blockchain, Llc Purchases 59,832 Shares

Mawson Infrastructure Group Inc. (NASDAQ:MIGIGet Free Report) major shareholder Endeavor Blockchain, Llc acquired 59,832 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average cost of $4.84 per share, with a total value of $289,586.88. Following the completion of the purchase, the insider directly owned 300,000 shares in the company, valued at approximately $1,452,000. The trade was a 24.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large 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 stock was acquired at an average price of $4.07 per share, for a total transaction of $82,397.15.
  • On Monday, December 15th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The stock was 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 stock was purchased at an average cost 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 stock was acquired 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 purchased 105,005 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost 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 bought 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 bought at an average price of $4.37 per share, with a total value of $219,815.37.
  • On Friday, December 5th, Endeavor Blockchain, Llc acquired 110,191 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.39 per share, for a total transaction of $483,738.49.
  • On Tuesday, December 2nd, Endeavor Blockchain, Llc acquired 18,599 shares of Mawson Infrastructure Group stock. The shares were purchased at an average price 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 shares were acquired at an average price of $4.83 per share, with a total value of $140,070.00.

Mawson Infrastructure Group Stock Performance

MIGI stock traded up $0.05 on Thursday, hitting $4.46. 254,806 shares of the company’s stock were exchanged, compared to its average volume of 262,056. The firm has a 50 day moving average price of $5.33 and a two-hundred 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 stock has a market cap of $5.10 million, a P/E ratio of -0.35 and a beta of 4.55.

Mawson Infrastructure Group (NASDAQ:MIGIGet Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.20 earnings per share 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 analyst estimates of $5.30 million. Sell-side analysts expect that Mawson Infrastructure Group Inc. will post -1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on Mawson Infrastructure Group

Mawson Infrastructure Group Company Profile

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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.

See Also

Insider Buying and Selling by Quarter for Mawson Infrastructure Group (NASDAQ:MIGI)

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