Mawson Infrastructure Group Inc (NASDAQ:MIGI) traded at $1.26 at last check on current trade day and made an upward move of 15.60% on its previous day’s price.
Looking at the stock we see that its previous close was $1.09 with the day’s price range being $1.02 – $1.3499. In terms of its 52-week price range, MIGI has a high of $4.40 and a low of $0.43. The company’s stock has lost about -8.70% over that past 30 days.
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Mawson Infrastructure Group Inc has a market cap of $22.08 million.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 14.15M, with a low of 14.15M and a high of 14.15M. The median projection represents growth squeezing down to 34.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 60.17M, or 38.10% up from figures reported last year.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Mawson Infrastructure Group Inc (MIGI) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -3.75% off its SMA20 and -10.04% from its 50-day simple moving average. The RSI (14) is pointing at 49.96 while the volatility over the past week is 21.01% and jumps to 15.31% over the past one month. The beta value is 3.23, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Mawson Infrastructure Group Inc (NASDAQ:MIGI), we note that the average 3-month trading volume was 372.36K, while that of the preceding 10-day period stands at 0.4 million. Current shares outstanding are 16.52 million.
The insiders hold 21.38% of the company’s shares while institutions hold 5.82%. The data shows that short shares as of 2024-07-15, stood at 0.32 million at a short ratio of 0.93. This represents a 195.00 short interest in shares outstanding on 2024-07-15. Shares short fall in July from the previous month at 0.42 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -60.63% down in year-to-date price movement.
