In the past week, MIGI stock has gone down by -18.58%, with a monthly decline of -10.24% and a quarterly surge of 18.25%. The volatility ratio for the week is 27.42%, and the volatility levels for the last 30 days are 22.29% for Mawson Infrastructure Group Inc The simple moving average for the past 20 days is 16.40% for MIGI’s stock, with a -2.37% simple moving average for the past 200 days.
Is It Worth Investing in Mawson Infrastructure Group Inc (NASDAQ: MIGI) Right Now?
The 36-month beta value for MIGI is also noteworthy at 3.22. 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 13.77M, and at present, short sellers hold a 2.49% of that float. The average trading volume of MIGI on August 20, 2024 was 708.15K shares.
MIGI) stock’s latest price update
Mawson Infrastructure Group Inc (NASDAQ: MIGI) has seen a rise in its stock price by 3.47 in relation to its previous close of 1.44. However, the company has experienced a -18.58% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-19 that Q2 Digital Colocation Business Revenue increased 77% Y/Y Q2 Energy Management Business Revenue increased 70% Y/Y Company Optimized and Reduced Q2 SG&A Expenses by 42% Y/Y Q2 2024 Total Revenue Increased 24% Y/Y and Increased 75% YTD (6 months) of 2024 MIDLAND, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”, “the Company”), a publicly traded digital infrastructure provider headquartered in the United States, today announced its unaudited financial and operational results for the second quarter of fiscal year 2024 ended June 30, 2024.
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 3.63% 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 -66.14% of loss for the given period.
Volatility was left at 22.29%, however, over the last 30 days, the volatility rate increased by 27.42%, as shares sank -3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.19% upper at present.
During the last 5 trading sessions, MIGI fell by -18.03%, which changed the moving average for the period of 200-days by +133.10% in comparison to the 20-day moving average, which settled at $1.2771. In addition, Mawson Infrastructure Group Inc saw -53.44% 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:
- -0.81 for the present operating margin
- 0.04 for the gross margin
The net margin for Mawson Infrastructure Group Inc stands at -1.07. The total capital return value is set at -5.97. Equity return is now at value -170.81, with -74.91 for asset returns.
Based on Mawson Infrastructure Group Inc (MIGI), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 5.72. The interest coverage ratio of the stock is -31.37.
Currently, EBITDA for the company is -13.56 million with net debt to EBITDA at -1.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
Conclusion
In summary, Mawson Infrastructure Group Inc (MIGI) has had a mixed 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.
