Mawson Infrastructure Group, Inc.

Mawson Infrastructure Group, Inc. Stock Forecast & Price Prediction

Live Mawson Infrastructure Group, Inc. Stock (MIGI) Price
$1.32

1

Ratings

  • Buy 0
  • Hold 1
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.32

P/E Ratio

-0.33

Volume Traded Today

$6.4M

Dividend

Dividends not available for MIGI

52 Week High/low

4.40/0.62

Mawson Infrastructure Group, Inc. Market Cap

$38.9M

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MIGI Summary

Based on ratings from 1 stock analysts, the Mawson Infrastructure Group, Inc. stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for Mawson Infrastructure Group, Inc.. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.

MIGI Analyst Ratings

Mawson Infrastructure Group, Inc. has a total of 1 Wall St Analyst ratings. There are 0 buy ratings, 1 ratings, and 0 sell ratings. Since most analysts have a hold consensus rating, the expectation is that Mawson Infrastructure Group, Inc. will generate similar returns as the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

MIGI stock forecast by analyst

These are the latest 20 analyst ratings of MIGI.

Analyst/Firm

Rating

Price Target

Change

Date

Kevin Dede
HC Wainwright & Co.

Neutral


Reiterates

Aug 21, 2024
Kevin Dede
HC Wainwright & Co.

Neutral


Downgrade

Jul 31, 2024
Kevin Dede
HC Wainwright & Co.

Buy

$3

Reiterates

May 22, 2024
Kevin Dede
HC Wainwright & Co.

Buy

$3

Reiterates

Apr 4, 2024
Josh Siegler
Cantor Fitzgerald

Neutral

$1

Reiterates

Apr 1, 2024
Josh Siegler
Cantor Fitzgerald

Neutral

$1

Reiterates

Sep 5, 2023
Josh Siegler
Cantor Fitzgerald

Neutral

$1

Reiterates

Aug 28, 2023
Kevin Dede
HC Wainwright & Co.

Buy

$3

Reiterates

Aug 24, 2023
Josh Siegler
Cantor Fitzgerald

Neutral

$1

Downgrade

Aug 24, 2023
Josh Siegler
Cantor Fitzgerald

Overweight

$12

Reiterates

Mar 27, 2023

HC Wainwright & Co.

Buy


Maintains

Sep 13, 2022

HC Wainwright & Co.

Buy


Maintains

Aug 24, 2022
Josh Siegler
Cantor Fitzgerald

Overweight

$12

Assumes

Jun 28, 2022
Mike Colonnese
Cantor Fitzgerald

Overweight

$12

Initiates

Mar 30, 2022

HC Wainwright & Co.

Buy


Maintains

Mar 22, 2022

HC Wainwright & Co.

Buy


Maintains

Mar 7, 2022

HC Wainwright & Co.

Buy


Maintains

Nov 22, 2021

HC Wainwright & Co.

Buy


Maintains

Oct 29, 2021

HC Wainwright & Co.

Buy


Initiates

Jun 1, 2021

MIGI Company Information

What They Do: Develops digital infrastructure for cryptocurrency.

Business Model: The company primarily generates revenue through bitcoin self-mining, where it uses its own resources to mine cryptocurrency. Additionally, it offers co-location services, allowing customers to utilize its data center facilities for their own mining operations. Mawson Infrastructure also engages in energy markets, leveraging energy resources to enhance profitability.

Other Information: Based in Midland, Pennsylvania, the company capitalizes on the growing demand for digital currency infrastructure, positioning itself within the burgeoning bitcoin ecosystem.
MIGI
Mawson Infrastructure Group, Inc. (MIGI)

When did it IPO

2021

Staff Count

30

Country

United States

Sector/Industry

Financial Services/Capital Markets

CEO

Mr. Rahul Mewawalla

Market Cap

$38.9M

Mawson Infrastructure Group, Inc. (MIGI) Financial Data

In 2023, MIGI generated $43.6M in revenue, which was a decrease of -48.37% from the previous year. This can be seen as a signal that MIGI's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$4.4M

Revenue From 2021

$43.9M

885.93 %
From Previous Year

Revenue From 2022

$84.4M

92.39 %
From Previous Year

Revenue From 2023

$43.6M

-48.37 %
From Previous Year
  • Revenue TTM $57.2M
  • Operating Margin TTM -38.0%
  • Gross profit TTM $15.0M
  • Return on assets TTM -32.5%
  • Return on equity TTM -197.9%
  • Profit Margin -107.2%
  • Book Value Per Share 1.76%
  • Market capitalisation $38.9M
  • Revenue for 2021 $43.9M
  • Revenue for 2022 $84.4M
  • Revenue for 2023 $43.6M
  • EPS this year (TTM) $-3.13

Mawson Infrastructure Group, Inc. (MIGI) Latest News

News Image

Wed, 04 Dec 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group (NASDAQ: MIGI) clarified that a media report claiming it filed for Chapter 11 bankruptcy is false, affirming its focus on digital infrastructure for AI and HPC.

Why It Matters - Clarification of false bankruptcy claims can stabilize Mawson's stock price, reduce investor panic, and maintain market confidence in its operations and future growth potential.

News Image

Wed, 20 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group reported a 49% year-over-year increase in total monthly revenue and an 18% month-over-month increase from September 2024. Digital colocation revenue rose 18%, and digital assets mining revenue grew 25%.

Why It Matters - Strong revenue growth signals robust demand for Mawson's services, enhancing investor confidence and potentially driving stock prices higher. Positive momentum in digital colocation and mining boosts outlook.

News Image

Tue, 19 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group Inc. (NASDAQ: MIGI) will participate in the Roth 13th Annual Technology Conference on November 19-20, 2024, in New York, with CEO Rahul Mewawalla attending.

Why It Matters - Mawson's participation in a major tech conference signals potential growth and investor interest in its AI and digital asset initiatives, which could influence stock performance.

News Image

Thu, 14 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group (NASDAQ: MIGI) reported Q3 2024 revenue growth: Digital Colocation up 222% Y/Y, Energy Management up 33% Y/Y, and total revenue up 50% YTD.

Why It Matters - Mawson Infrastructure's significant revenue growth in digital colocation and energy management indicates strong demand, enhancing investor confidence and potential for future profitability.

News Image

Thu, 17 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group reported a 65% increase in total monthly revenue year-over-year, with energy management revenue up 271%. Its digital colocation business reached multi-million dollar monthly revenue. Phase 1 of its Ohio facility construction is complete, increasing total capacity to 153 MW.

Why It Matters - Mawson's significant revenue growth and successful facility expansion indicate strong demand in the AI and digital infrastructure sectors, potentially enhancing investor confidence and stock performance.

News Image

Mon, 16 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Mawson Infrastructure Group (NASDAQ: MIGI) reported a 166% YoY increase in digital colocation revenue for August 2024. They signed a 6-year AI colocation deal worth $285M and expanded to Ohio with 24 MW planned.

Why It Matters - Strong revenue growth and strategic expansion into AI and HPC increase Mawson's market position, indicating potential for sustained profitability and attracting investor interest.

...

MIGI Frequently asked questions

The highest forecasted price for MIGI is $ from at HC Wainwright & Co..

The lowest forecasted price for MIGI is $ from from HC Wainwright & Co.

The MIGI analyst ratings consensus are 0 buy ratings, 1 hold ratings, and 0 sell ratings.