The stock price of Mawson Infrastructure Group Inc (NASDAQ: MIGI) has dropped by -5.30 compared to previous close of 1.51. Despite this, the company has seen a fall of -11.18% in its stock price over the last five trading days. Business Wire reported 2023-05-25 that SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces today that Rahul Mewawalla, Chief Executive Officer and President will present at the following conferences: Emerging Growth Conference – May 31, 2023 Virtual Presentation on Wednesday, May 31, 2023 at 1:45 p.m. Eastern For more information or to register, please visit https://goto.webcasts.com/starthere.jsp?ei=1603278&tp_key=a78ed2eebf&.
Is It Worth Investing in Mawson Infrastructure Group Inc (NASDAQ: MIGI) Right Now?
The 36-month beta value for MIGI is also noteworthy at 3.27. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MIGI is 14.11M, and at present, short sellers hold a 6.24% of that float. The average trading volume of MIGI on March 28, 2024 was 952.27K shares.
MIGI’s Market Performance
MIGI stock saw a decrease of -11.18% in the past week, with a monthly decline of -27.04% and a quarterly a decrease of -51.53%. The volatility ratio for the week is 10.72%, and the volatility levels for the last 30 days are 16.07% for Mawson Infrastructure Group Inc (MIGI). The simple moving average for the past 20 days is -4.17% for MIGI’s stock, with a -6.34% simple moving average for the past 200 days.
Analysts’ Opinion of MIGI
Many brokerage firms have already submitted their reports for MIGI stocks, with Cantor Fitzgerald repeating the rating for MIGI by listing it as a “Overweight.” The predicted price for MIGI in the upcoming period, according to Cantor Fitzgerald is $12 based on the research report published on March 30, 2022 of the previous year 2022.
MIGI Trading at -24.61% from the 50-Day Moving Average
After a stumble in the market that brought MIGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.50% of loss for the given period.
Volatility was left at 16.07%, however, over the last 30 days, the volatility rate increased by 10.72%, as shares sank -21.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.80% lower at present.
During the last 5 trading sessions, MIGI fell by -11.18%, which changed the moving average for the period of 200-days by -48.19% in comparison to the 20-day moving average, which settled at $1.4722. In addition, Mawson Infrastructure Group Inc saw -55.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MIGI
Current profitability levels for the company are sitting at:
- -1.26 for the present operating margin
- 0.44 for the gross margin
The net margin for Mawson Infrastructure Group Inc stands at -1.37. The total capital return value is set at -1.42. Equity return is now at value -97.69, with -49.13 for asset returns.
Based on Mawson Infrastructure Group Inc (MIGI), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.76. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is -15.83.
Currently, EBITDA for the company is 8.96 million with net debt to EBITDA at -3.38. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 4.37for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
In summary, Mawson Infrastructure Group Inc (MIGI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
