What Is So Great About Mawson Infrastructure Group Inc (MIGI)?

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Mawson Infrastructure Group Inc (NASDAQ:MIGI) has a beta value of 3.05 and has seen 5.79 million shares traded in the recent trading session. The company, currently valued at $32.06M, closed the recent trade at $1.83 per share which meant it lost -$0.04 on the day or -2.14% during that session. The MIGI stock price is -140.44% off its 52-week high price of $4.40 and 76.5% above the 52-week low of $0.43. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.14 million shares traded. The 3-month trading volume is 494.47K shares.

The consensus among analysts is that Mawson Infrastructure Group Inc (MIGI) is Hold stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Mawson Infrastructure Group Inc (NASDAQ:MIGI) trade information

Sporting -2.14% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MIGI stock price touched $1.83 or saw a rise of 25.31%. Year-to-date, Mawson Infrastructure Group Inc shares have moved -42.81%, while the 5-day performance has seen it change 103.33%. Over the past 30 days, the shares of Mawson Infrastructure Group Inc (NASDAQ:MIGI) have changed 20.39%. Short interest in the company has seen 0.34 million shares shorted with days to cover at 0.88.

Mawson Infrastructure Group Inc (MIGI) estimates and forecasts

Figures show that Mawson Infrastructure Group Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -28.52% over the past 6 months, with this year growth rate of 16.06%, compared to 8.30% for the industry. Revenue growth from the last financial year stood is estimated to be 38.10%.

1 analysts offering their estimates for the company have set an average revenue estimate of 14.15M for the current quarter. 1 have an estimated revenue figure of 14.84M for the next ending quarter. Year-ago sales stood 10.55M and 11.33M respectively for this quarter and the next, and analysts expect sales will grow by 34.10% for the current quarter and 38.10% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 36.15% over the past 5 years.

MIGI Dividends

Mawson Infrastructure Group Inc is expected to release its next earnings report 2024-Aug-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 21.99% of the company shares, while shares held by institutions stand at 6.21% with a share float percentage of 7.95%. Investors are also buoyed by the number of investors in a company, with Mawson Infrastructure Group Inc having a total of 16.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Vanguard Extended Market Index Fund. As of Mar 31, 2024, the former fund manager holds about 2.59% shares in the company for having 454.05 shares of worth $0.92 million while later fund manager owns 187.67 shares of worth $0.38 million as of Mar 31, 2024, which makes it owner of about 1.07% of company’s outstanding stock.