Mawson Infrastructure Group Inc. (NASDAQ:MIGI) saw a downside of -1.59% to $0.76 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 274,405 shares of the company’s common stock. It has gained $1.1500 in the past week and touched a new high 2 times within the past 5 days. An average of 226,056 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 159,544.
MIGI’s 1-month performance is -58.64% or -$1.3350 on its low of $0.7101 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.77 and high of $5.22, with the stock’s rally to the 52-week high happening on 03/21/23. YTD, MIGI has lost -44.86% or -$0.5950 and has reached a new high 19 times. However, the current price is down -85.42% from the 52-week high price.
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Valuation Metrics
MIGI stock has a beta of 2.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.15 while the price-to-book (PB) in the most recent quarter is 0.16.
Mawson Infrastructure Group Inc.’s quick ratio for the period ended December 30 was 0.30, with the current ratio over the same period at 0.30. In terms of profitability, the gross margin trailing 12 months is 39.40%. The trailing 12-month EBITDA margin is 11.17%. The firm’s gross profit as reported stood at $36.67 million against revenue of $84.39 million.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -4.23% to -$11.1 million, while revenue of -$18.21 million was -64.05% off the previous quarter. Analysts expected MIGI to announce $1.14 per share in earnings in its latest quarter, but it posted -$1.39, representing a -221.90% surprise. EBITDA for the quarter stood at more than -$3.43 million. Shareholders hold equity totaling $16.52 million.
Let’s look briefly at Mawson Infrastructure Group Inc. (MIGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 23.52% to suggest the stock is trending oversold, with historical volatility in this time period at 161.43%.
The stock’s 5-day moving average is $0.9337, reflecting a -25.24% or -$0.2650 change from its current price. MIGI is currently trading -58.68% above its 20-day SMA, -74.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -71.56% and SMA200 by-70.27%.
Stochastic %K and %D was 6.89% and 10.24% and the average true range (ATR) pointed at 0.2042. The RSI (14) points at 26.50%, while the 14-day stochastic is at 8.61% with the period’s ATR at 0.2262. The stock’s 9-day MACD Oscillator is pointing at -0.1593 and -0.2704 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mawson Infrastructure Group Inc. (NASDAQ: MIGI), Cantor Fitzgerald launched coverage with an Overweight rating.
