Keel Infrastructure (NASDAQ:KEEL) Stock Jumps 8.3% – What’s Next?

Keel Infrastructure (NASDAQ:KEEL) rose 8.3% during trading on Friday. The stock traded as high as $3.68 and last traded at $3.7250. Approximately 3,108,592 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 38,186,590 shares. The stock had previously closed at $3.44.

Analysts Set New Price Targets

Several research firms recently issued reports on KEEL. Chardan Capital reiterated a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a report on Monday, June 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. BTIG Research assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Citigroup restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Performance

The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The company has a market cap of $2.23 billion, a P/E ratio of -12.08 and a beta of 4.00. The firm has a 50-day moving average price of $3.60.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.The firm had revenue of $30.43 million for the quarter. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts anticipate that Keel Infrastructure will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, COO Liam Wilson acquired 30,769 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $3.25 per share, with a total value of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This represents a 43.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Benjamin Gagnon bought 58,888 shares of Keel Infrastructure stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the completion of the acquisition, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This represents a 4.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 128,545 shares of company stock valued at $425,593 in the last three months. 9.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Keel Infrastructure

Hedge funds have recently modified their holdings of the business. Situational Awareness LP bought a new position in Keel Infrastructure in the second quarter valued at approximately $151,831,000. Bank of New York Mellon Corp bought a new stake in shares of Keel Infrastructure during the second quarter worth $9,989,000. State Street Corp bought a new stake in shares of Keel Infrastructure during the second quarter worth $78,100,000. Tidal Investments LLC acquired a new stake in shares of Keel Infrastructure during the second quarter worth $3,213,000. Finally, Round Rock Advisors LLC acquired a new stake in shares of Keel Infrastructure during the second quarter worth $1,425,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.