After grabbing 3.93 million shares, the institutional investor is now in possession of 3.93 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.75% having worth around $1.73 million. Moreover, Perpetual Investment Management L increased its share by 67667.0 to have a control over 0.29 million shares. And Millennium Management LLC raised its holdings to 0.11 million shares by acquiring 0.28 million shares or 0.33% of the stake.
Mawson Infrastructure Group Inc. (MIGI) concluded trading on 11/23/22 at a closing price of $0.40, with 0.46 million shares of worth about $0.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -80.95% during that period and on Wednesday the price saw a gain of about 14.29%. Currently the company’s common shares owned by public are about 71.60M shares, out of which, 65.53M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the MIGI stock and their offered price forecasts bring an average price target of $2.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $2.00. The stock’s current price level is 80.0% above of average price target set by the analysts, while a rise to estimated low would result in gain of 80.0% for the stock. However, touching the estimated high of $3.00 would mean a gain of 86.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 303,619 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Valkyrie Bitcoin Miners ETF, Viridi Bitcoin Miners ETF, and VanEck Digital Assets Mining ETF are the top 3 mutual funds which are holding stakes in Mawson Infrastructure Group Inc. Valkyrie Bitcoin Miners ETF is currently holding 0.17 million shares of worth totaling $75978.0. The company recently came buying 0.1 million shares which brought its stake up to 0.21% of the company’s outstanding shares. VanEck Digital Assets Mining ETF, after buying 81844.0 shares, have now control over 0.10% of the stake in the company. It holds 0.0 shares of worth $36011.0.
However, the stock later moved at a day high price of 0.4000, or with a gain of 14.29%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -9.09%. Year-to-date (YTD), MIGI shares are showing a performance of -93.97% which decreased to -96.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.25 but also hit the highest price of $11.15 during that period. The average intraday trading volume for Mawson Infrastructure Group Inc. shares is 440.65K. The stock is currently trading -3.40% below its 20-day simple moving average (SMA20), while that difference is down -12.46% for SMA50 and it goes to -80.18% lower than SMA200.
Armistice Capital LLC acquired 3.93 million shares of Mawson Infrastructure Group Inc. having value of about $1.73 million. Mawson Infrastructure Group Inc. (NASDAQ: MIGI) currently have 71.60M outstanding shares and institutions hold larger chunk of about 12.30% of that. Holding of mutual funds in the company is about 11.61% while other institutional holders and individual stake holders have control over 20.32% and 0.64% of the stake respectively.
The stock has a current market capitalization of $32.54M and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$0.19 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MIGI, volatility over the week remained 22.54% while standing at 14.86% over the month.
Analysts are in expectations that Mawson Infrastructure Group Inc. (MIGI) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is $0.17 and it is -$0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 80.10% while it is estimated to decrease by -34.60% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Mawson Infrastructure Group Inc. (MIGI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cantor Fitzgerald on March 30, 2022 offering an Overweight rating for the stock and assigned a target price of $12 to it.