HC Wainwright Has Bearish Forecast for MIGI FY2025 Earnings

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) – Equities researchers at HC Wainwright lowered their FY2025 earnings per share estimates for shares of Mawson Infrastructure Group in a research report issued on Wednesday, April 2nd. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($0.20) per share for the year, down from their prior estimate of ($0.13). HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for Mawson Infrastructure Group’s current full-year earnings is ($1.85) per share.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly earnings results on Friday, March 28th. The company reported ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.22). The business had revenue of $15.07 million during the quarter, compared to analyst estimates of $14.40 million. Mawson Infrastructure Group had a negative net margin of 93.68% and a negative return on equity of 368.57%.

Mawson Infrastructure Group Trading Down 2.4 %

Shares of Mawson Infrastructure Group stock opened at $0.41 on Monday. Mawson Infrastructure Group has a fifty-two week low of $0.36 and a fifty-two week high of $2.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $7.70 million, a P/E ratio of -0.13 and a beta of 3.70. The company has a fifty day moving average of $0.59 and a 200 day moving average of $1.07.

Hedge Funds Weigh In On Mawson Infrastructure Group

A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in Mawson Infrastructure Group in the 4th quarter worth approximately $161,000. Virtu Financial LLC raised its position in shares of Mawson Infrastructure Group by 150.2% during the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after buying an additional 22,873 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Mawson Infrastructure Group by 305.5% in the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock worth $84,000 after buying an additional 50,945 shares in the last quarter. Institutional investors own 6.86% of the company’s stock.

About Mawson Infrastructure Group

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.