Keel Infrastructure (NASDAQ:KEEL) Stock Has Average Price Target of $6.25 According to Brokerages

Shares of Keel Infrastructure (NASDAQ:KEEL) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.25.

KEEL has been the subject of several analyst reports. Citizens Jmp began coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target for the company. BTIG Research began coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th.

Keel Infrastructure Stock Performance

Shares of KEEL opened at $3.47 on Friday. The firm has a 50-day moving average of $3.57. 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 stock has a market cap of $2.14 billion, a PE ratio of -11.57 and a beta of 4.00. Keel Infrastructure has a 1 year low of $1.68 and a 1 year high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.11) 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) earnings per share. Analysts predict that Keel Infrastructure will post -0.42 EPS for the current year.

Insiders Place Their Bets

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 58,888 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Liam Wilson purchased 30,769 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. The trade was a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 128,545 shares of company stock worth $425,593. 9.50% of the stock is currently owned by company insiders.

Institutional Trading of Keel Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Situational Awareness LP purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at approximately $151,831,000. State Street Corp purchased a new stake in shares of Keel Infrastructure during the second quarter worth approximately $78,100,000. Bank of New York Mellon Corp acquired a new stake in shares of Keel Infrastructure during the second quarter worth $9,989,000. Tidal Investments LLC acquired a new stake in shares of Keel Infrastructure during the second quarter worth $3,213,000. Finally, FirstWave Capital Management LLC purchased a new position in Keel Infrastructure in the 2nd quarter valued at $1,478,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

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.