What is HC Wainwright’s Forecast for MIGI FY2024 Earnings?

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) – Equities researchers at HC Wainwright reduced their FY2024 earnings per share estimates for Mawson Infrastructure Group in a research note issued on Tuesday, November 26th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($1.85) per share for the year, down from their prior forecast of ($1.60). 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. HC Wainwright also issued estimates for Mawson Infrastructure Group’s Q4 2024 earnings at ($0.22) EPS.

Mawson Infrastructure Group Trading Up 21.6 %

NASDAQ MIGI opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39. Mawson Infrastructure Group has a 1 year low of $0.53 and a 1 year high of $4.40. The stock’s 50-day moving average price is $1.52 and its two-hundred day moving average price is $1.42.

Insider Transactions at Mawson Infrastructure Group

In other Mawson Infrastructure Group news, Director Ryan Costello sold 48,395 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $1.25, for a total transaction of $60,493.75. Following the sale, the director now directly owns 70,000 shares of the company’s stock, valued at $87,500. The trade was a 40.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.44% of the stock is currently owned by insiders.

Institutional Trading of Mawson Infrastructure Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC raised its holdings 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 worth $52,000 after acquiring an additional 23,758 shares in the last quarter. Regal Partners Ltd bought a new stake in Mawson Infrastructure Group during the third quarter worth approximately $40,000. Finally, Jane Street Group LLC grew its stake in Mawson Infrastructure Group by 305.5% in the 3rd quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock valued at $84,000 after buying an additional 50,945 shares during the last quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.

About Mawson Infrastructure Group

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.