MGT Capital Investments, Inc. (MGTI)
|Net Income (ttm)||-3.89M|
|Trading Day||May 14|
|Day's Range||0.0512 - 0.0578|
|52-Week Range||0.0107 - 0.2980|
MGT Capital Investments, Inc. (MGTI) CEO Robert Ladd on Q3 2019 Results - Earnings Call Transcript
Technicals say the stock could easily double in the next 5-6 months.
As bitcoin price surges, which is highly likely, the stock will probably follow.
MGT Capital Investments, Inc. engages in bitcoin mining activity in the United States. It owns and operates approximately 1,500 miners in LaFayette, Georgia. The company was incorporated in 1977 and is headquartered in Raleigh, North Carolina.
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In 2020, MGTI's revenue was $1.44 million, an increase of 220.00% compared to the previous year's $450,000. Losses were -$3.89 million, -55.73% less than in 2019.
The average 12-month stock price forecast for MGTI is 0.08, which is an increase of 46.25% from the latest price.