The stock has a 36-month beta value of 3.31. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MIGI is 14.82M, and at present, short sellers hold a 3.18% of that float. On June 24, 2024, the average trading volume of MIGI was 314.50K shares.
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MIGI) stock’s latest price update
The stock of Mawson Infrastructure Group Inc (NASDAQ: MIGI) has decreased by -9.64 when compared to last closing price of 1.66.Despite this, the company has seen a loss of -9.64% in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that Digital Co-Location Business Revenue up 85% Y/Y from May last year Energy Management Revenue up 139% Y/Y from May last year Total Overall Revenue up 19% Y/Y from May last year 20 MW Facility Expansion Progressing Well and Total Capacity Expected to Increase to 129 MW and 41,530 miners MIDLAND, Pa., June 20, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or “the Company”), a digital infrastructure company, announced today its unaudited business and operational update for May 2024.
MIGI’s Market Performance
Mawson Infrastructure Group Inc (MIGI) has seen a -9.64% fall in stock performance for the week, with a 31.58% gain in the past month and a -3.23% plunge in the past quarter. The volatility ratio for the week is 15.40%, and the volatility levels for the past 30 days are at 15.15% for MIGI. The simple moving average for the last 20 days is 8.42% for MIGI’s stock, with a simple moving average of 9.42% for the last 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 18.34% 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 -65.91% of loss for the given period.
Volatility was left at 15.15%, however, over the last 30 days, the volatility rate increased by 15.40%, as shares surge +31.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.14% upper at present.
During the last 5 trading sessions, MIGI fell by -9.64%, which changed the moving average for the period of 200-days by +114.29% in comparison to the 20-day moving average, which settled at $1.4015. In addition, Mawson Infrastructure Group Inc saw -53.13% 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:
- -1.05 for the present operating margin
- 0.03 for the gross margin
The net margin for Mawson Infrastructure Group Inc stands at -1.26. The total capital return value is set at -4.27. 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 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 1.58. The interest coverage ratio of the stock is -19.93.
Currently, EBITDA for the company is -13.56 million with net debt to EBITDA at -1.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 4.13for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
Conclusion
To sum up, Mawson Infrastructure Group Inc (MIGI) has seen a bad 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.
