Now Is A Good Time To Buy Mawson Infrastructure Group Inc (NASDAQ: MIGI)

During the last session, Mawson Infrastructure Group Inc (NASDAQ:MIGI)’s traded shares were 0.3 million, with the beta value of the company hitting 3.23. At the end of the trading day, the stock’s price was $1.09, reflecting an intraday gain of 1.87% or $0.02. The 52-week high for the MIGI share is $4.40, that puts it down -303.67 from that peak though still a striking 60.55% gain since the share price plummeted to a 52-week low of $0.43. The company’s market capitalization is $19.10M, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 370.34K shares over the past three months.

Mawson Infrastructure Group Inc (MIGI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. MIGI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it.

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Mawson Infrastructure Group Inc (NASDAQ:MIGI) trade information

The stock spiked 1.87% in intraday trading to $1.09, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -16.15% in 30 days. Based on these gigs, the overall price performance for the year is -7.63%. The short interest in Mawson Infrastructure Group Inc (NASDAQ:MIGI) is 0.32 million shares and it means that shorts have 0.93 day(s) to cover.

Mawson Infrastructure Group Inc (MIGI) estimates and forecasts

Statistics show that Mawson Infrastructure Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. Mawson Infrastructure Group Inc (MIGI) shares have gone down -59.02% during the last six months, with a year-to-date growth rate more than the industry average at 16.06% against 10.80.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.15%. While earnings are projected to return 16.06% in 2024.

Mawson Infrastructure Group Inc (NASDAQ:MIGI)’s Major holders

Mawson Infrastructure Group Inc insiders own 21.99% of total outstanding shares while institutional holders control 6.34%, with the float percentage being 8.13%.