The stock has a 36-month beta value of 3.21. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MIGI is 14.81M, and at present, short sellers hold a 4.70% of that float. On September 19, 2024, the average trading volume of MIGI was 730.47K shares.
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MIGI) stock’s latest price update
The stock price of Mawson Infrastructure Group Inc (NASDAQ: MIGI) has jumped by 5.13 compared to previous close of 1.17. Despite this, the company has seen a gain of 3.36% in its stock price over the last five trading days. globenewswire.com reported 2024-09-16 that Digital Colocation Revenue up 166% Y/Y from August 2023 and 25% M/M from July 2024 Total Monthly Revenue up 27% M/M from July 2024 Expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) Colocation Business Executed AI Customer Colocation Agreement for 20 MW for 6-years to colocate NVIDIA GPUs, Expected to Generate Cumulative Revenue Potential of $285 Million 1 Signed AI Customer Colocation LOI for AI and HPC Expansion to 144 MW Expanded to Ohio with 24 MW Planned Capacity, Expected to Increase Total Capacity to 153 MW Upon Completion MIDLAND, Pa., Sept. 16, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced its unaudited business and operational update for August 2024.
MIGI’s Market Performance
Mawson Infrastructure Group Inc (MIGI) has experienced a 3.36% rise in stock performance for the past week, with a -14.58% drop in the past month, and a -28.90% drop in the past quarter. The volatility ratio for the week is 8.95%, and the volatility levels for the past 30 days are at 12.27% for MIGI. The simple moving average for the past 20 days is -7.03% for MIGI’s stock, with a -23.16% 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 -8.89% 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 -72.05% of loss for the given period.
Volatility was left at 12.27%, however, over the last 30 days, the volatility rate increased by 8.95%, as shares sank -12.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.75% lower at present.
During the last 5 trading sessions, MIGI rose by +3.36%, which changed the moving average for the period of 200-days by +73.48% in comparison to the 20-day moving average, which settled at $1.3145. In addition, Mawson Infrastructure Group Inc saw -61.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MIGI starting from Costello Ryan, who sale 48,395 shares at the price of $1.25 back on Sep 13 ’24. After this action, Costello Ryan now owns 70,000 shares of Mawson Infrastructure Group Inc, valued at $60,499 using the latest closing price.
Stock Fundamentals for MIGI
Current profitability levels for the company are sitting at:
- -0.78 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 -5.74. Equity return is now at value -200.60, with -72.02 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 0.24. The debt to equity ratio resting at 5.72. The interest coverage ratio of the stock is -14.98.
Currently, EBITDA for the company is -13.56 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 5.11for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.40.
Conclusion
To sum up, Mawson Infrastructure Group Inc (MIGI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
