Endeavor Blockchain, Llc Acquires 42,100 Shares of Mawson Infrastructure Group (NASDAQ:MIGI) Stock

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) major shareholder Endeavor Blockchain, Llc bought 42,100 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were bought at an average cost of $4.57 per share, for a total transaction of $192,397.00. Following the purchase, the insider owned 1,500,000 shares of the company’s stock, valued at approximately $6,855,000. The trade was a 2.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, January 26th, Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.84 per share, with a total value of $290,400.00.
• On Tuesday, December 16th, Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock. The shares were purchased at an average price of $4.07 per share, for a total transaction of $82,397.15.
• On Monday, December 15th, Endeavor Blockchain, Llc bought 60,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.36 per share, with a total value of $261,600.00.
• On Friday, December 12th, Endeavor Blockchain, Llc bought 98,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $5.37 per share, with a total value of $526,260.00.
• On Thursday, December 11th, Endeavor Blockchain, Llc purchased 124,000 shares of Mawson Infrastructure Group stock. The shares were purchased 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 stock was purchased at an average cost 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 price 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 bought 110,191 shares of Mawson Infrastructure Group stock. The shares were acquired at an average cost of $4.39 per share, for a total transaction of $483,738.49.
• On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was acquired at an average price of $4.84 per share, with a total value of $289,586.88.

Mawson Infrastructure Group Price Performance

Shares of NASDAQ:MIGI traded down $0.28 during mid-day trading on Friday, reaching $4.12. 204,974 shares of the company’s stock were exchanged, compared to its average volume of 279,858. The business’s fifty day moving average price is $4.65 and its 200-day moving average price is $10.28. Mawson Infrastructure Group Inc. has a twelve month low of $3.79 and a twelve month high of $40.00.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on MIGI shares. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a 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 report on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mawson Infrastructure Group currently has a consensus rating of “Reduce”.

Mawson Infrastructure Group Company Profile

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.