There is no way Mawson Infrastructure Group Inc. (MIGI) can keep these numbers up

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) stock jumped 14.29% on Wednesday to $0.40 against a previous-day closing price of $0.35. With 0.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $0.4000 whereas the lowest price it dropped to was $0.3410. The 52-week range on MIGI shows that it touched its highest point at $11.15 and its lowest point at $0.25 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 2.42.

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Price Performance and Earnings:

Three-month performance dropped to -44.44% while six-month performance fell -80.95%. The stock lost -96.32% in the past year, while it has lost -93.97% so far this year. A look at the trailing 12-month EPS for MIGI yields -0.19 with Next year EPS estimates of -0.35. For the next quarter, that number is 0.19. This implies an EPS growth rate of 80.10% for this year and -34.60% for next year.

Float and Shares Shorts:

At present, 71.60 million MIGI shares are outstanding with a float of 65.53 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.52 million, which was 0.64% higher than short shares on Sep 14, 2022. In addition to Mr. James Edward Manning as the firm’s Founder, CEO, MD & Director, Mr. Liam Daniel Wilson serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 7.87% of MIGI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 20.32% of MIGI, in contrast to 11.61% held by mutual funds. Shares owned by individuals account for 0.64%. As the largest shareholder in MIGI with 4.75% of the stake, Armistice Capital LLC holds 3,933,407 shares worth 3,933,407. A second-largest stockholder of MIGI, Regal Funds Management Pty Ltd., holds 3,457,322 shares, controlling over 4.17% of the firm’s shares. Segantii Capital Management Ltd. is the third largest shareholder in MIGI, holding 1,192,000 shares or 1.44% stake. With a 0.21% stake in MIGI, the Valkyrie Bitcoin Miners ETF is the largest stakeholder. A total of 172,677 shares are owned by the mutual fund manager. The Viridi Bitcoin Miners ETF, which owns about 0.15% of MIGI stock, is the second-largest Mutual Fund holder. It holds 124,410 shares valued at 54740.0. VanEck Digital Assets Mining ETF holds 0.10% of the stake in MIGI, owning 81,844 shares worth 36011.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MIGI since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MIGI analysts setting a high price target of $3.00 and a low target of $2.00, the average target price over the next 12 months is $2.50. Based on these targets, MIGI could surge 650.0% to reach the target high and rise by 400.0% to reach the target low. Reaching the average price target will result in a growth of 525.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MIGI will report FY 2022 earnings on 03/13/2023. Analysts have provided yearly estimates in a range of -$0.26 being high and -$0.95 being low. For MIGI, this leads to a yearly average estimate of -$0.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Mawson Infrastructure Group Inc. surprised analysts by -$0.10 when it reported -$0.26 EPS against a consensus estimate of -$0.17. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded MIGI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 303,619 while 0 shares were sold.

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