Insider Buying: Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Acquires $22,657.50 in Stock

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) Director Daniel Morrison purchased 3,021 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $7.50 per share, with a total value of $22,657.50. Following the purchase, the director directly owned 3,021 shares of the company’s stock, valued at $22,657.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Big Digital Energy, Inc. Common Stock Price Performance

Shares of BGDE stock opened at $7.40 on Monday. The stock has a fifty day moving average of $5.87 and a 200 day moving average of $4.52. Big Digital Energy, Inc. Common Stock has a 52 week low of $1.70 and a 52 week high of $40.00. The firm has a market capitalization of $40.85 million, a price-to-earnings ratio of -0.59 and a beta of 5.06.

Big Digital Energy, Inc. Common Stock (NASDAQ:BGDE) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($12.11) EPS for the quarter, missing analysts’ consensus estimates of ($10.40) by ($1.71). The company had revenue of $3.23 million during the quarter, compared to the consensus estimate of $5.30 million.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Big Digital Energy, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Big Digital Energy, Inc. Common Stock in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Big Digital Energy, Inc. Common Stock 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.