Q2 2024 Earnings Estimate for Mawson Infrastructure Group Inc. Issued By HC Wainwright (NASDAQ:MIGI)

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) – Investment analysts at HC Wainwright decreased their Q2 2024 earnings per share estimates for shares of Mawson Infrastructure Group in a report issued on Wednesday, May 22nd. HC Wainwright analyst K. Dede now forecasts that the company will post earnings per share of ($0.57) for the quarter, down from their previous estimate of ($0.49). HC Wainwright has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Mawson Infrastructure Group’s current full-year earnings is ($1.94) per share. HC Wainwright also issued estimates for Mawson Infrastructure Group’s Q3 2024 earnings at ($0.65) EPS, Q4 2024 earnings at ($0.72) EPS and FY2024 earnings at ($2.42) EPS.

Separately, Cantor Fitzgerald restated a “neutral” rating and set a $1.00 price objective on shares of Mawson Infrastructure Group in a report on Monday, April 1st.

Mawson Infrastructure Group Price Performance

Shares of NASDAQ:MIGI opened at $1.33 on Friday. Mawson Infrastructure Group has a 1 year low of $0.43 and a 1 year high of $4.40. The company has a market capitalization of $23.30 million, a PE ratio of -0.32 and a beta of 3.29. The business has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.62.

Mawson Infrastructure Group (NASDAQ:MIGI) last issued its quarterly earnings data on Monday, April 1st. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.82) by $0.06. The business had revenue of $14.02 million during the quarter, compared to the consensus estimate of $9.20 million. Mawson Infrastructure Group had a negative net margin of 126.36% and a negative return on equity of 159.45%.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Virtu Financial LLC grew its holdings in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,984 shares of the company’s stock after purchasing an additional 23,758 shares during the period. Virtu Financial LLC owned approximately 0.19% of Mawson Infrastructure Group worth $52,000 at the end of the most recent quarter. 6.86% of the stock is owned by institutional investors.

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.