Keel Infrastructure (NASDAQ:KEEL) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Keel Infrastructure (NASDAQ:KEEL) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.42.

Several research firms have weighed in on KEEL. BTIG Research started coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Cantor Fitzgerald reduced their price objective on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th.

Insider Activity at Keel Infrastructure

In other news, COO Liam Wilson purchased 30,769 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benjamin Gagnon purchased 38,888 shares of Keel Infrastructure stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $3.33 per share, with a total value of $129,497.04. Following the completion of the purchase, the chief executive officer directly owned 1,386,624 shares in the company, valued at $4,617,457.92. This trade represents a 2.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 128,545 shares of company stock valued at $425,593. 9.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Keel Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Markowski Investments bought a new stake in shares of Keel Infrastructure in the second quarter valued at about $29,000. TD Waterhouse Canada Inc. acquired a new position in shares of Keel Infrastructure in the second quarter valued at about $28,000. NewEdge Advisors LLC bought a new position in Keel Infrastructure during the second quarter worth about $31,000. Farther Finance Advisors LLC increased its position in Keel Infrastructure by 268.0% during the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock worth $47,000 after acquiring an additional 9,675 shares during the period. Finally, Brookstone Capital Management bought a new position in Keel Infrastructure during the third quarter worth about $49,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

Keel Infrastructure Stock Up 0.5%

Shares of NASDAQ KEEL opened at $2.18 on Tuesday. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11. The stock’s 50 day simple moving average is $3.29. The firm has a market capitalization of $1.35 billion, a P/E ratio of -7.27 and a beta of 4.00. Keel Infrastructure has a twelve month low of $1.68 and a twelve month high of $7.37.

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

About Keel Infrastructure

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.