Keel Infrastructure Target of Unusually High Options Trading (NASDAQ:KEEL)

Keel Infrastructure (NASDAQ:KEEL) saw unusually large options trading activity on Thursday. Traders acquired 103,943 call options on the stock. This represents an increase of 57% compared to the average volume of 65,997 call options.

Keel Infrastructure Price Performance

Shares of KEEL traded up $0.87 during midday trading on Thursday, hitting $4.05. The stock had a trading volume of 65,436,111 shares, compared to its average volume of 39,609,059. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of -28.93 and a beta of 4.11. The firm has a 50 day moving average of $5.17. Keel Infrastructure has a twelve month low of $1.14 and a twelve month high of $7.37. The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%.The firm had revenue of $36.99 million for the quarter. Analysts forecast that Keel Infrastructure will post -0.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on KEEL. Citigroup assumed coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating for the company. HC Wainwright boosted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Cantor Fitzgerald lowered their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. BTIG Research started coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Chardan Capital reissued a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

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.