Brokers Issue Forecasts for MIGI FY2025 Earnings

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) – Investment analysts at HC Wainwright issued their FY2025 EPS estimates for shares of Mawson Infrastructure Group in a report issued on Tuesday, November 26th. HC Wainwright analyst K. Dede anticipates that the company will earn ($0.13) per share for the year. HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for Mawson Infrastructure Group’s current full-year earnings is ($1.60) per share.

Mawson Infrastructure Group Trading Up 21.6 %

Shares of MIGI stock opened at $2.08 on Wednesday. Mawson Infrastructure Group has a 1-year low of $0.53 and a 1-year high of $4.40. The firm’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $38.91 million, a P/E ratio of -0.66 and a beta of 3.16.

Insider Activity at Mawson Infrastructure Group

In related news, Director Ryan Costello sold 48,395 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $1.25, for a total value of $60,493.75. Following the transaction, the director now owns 70,000 shares in the company, valued at approximately $87,500. This trade represents a 40.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.44% of the stock is currently owned by insiders.

Institutional Trading of Mawson Infrastructure Group

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC raised its stake in shares of Mawson Infrastructure Group by 232.3% during the first quarter. Virtu Financial LLC now owns 33,984 shares of the company’s stock valued at $52,000 after purchasing an additional 23,758 shares during the period. Regal Partners Ltd acquired a new stake in shares of Mawson Infrastructure Group during the third quarter worth approximately $40,000. Finally, Jane Street Group LLC grew its position in shares of Mawson Infrastructure Group by 305.5% during the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock worth $84,000 after buying an additional 50,945 shares in the last quarter. Hedge funds and other institutional investors own 6.86% of the company’s stock.

Mawson Infrastructure Group Company Profile

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.