Shares of Keel Infrastructure (NASDAQ:KEEL – Get Free Report) rose 8.4% during mid-day trading on Monday following insider buying activity. The company traded as high as $3.89 and last traded at $3.8050. Approximately 10,192,837 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 38,909,551 shares. The stock had previously closed at $3.51.
Specifically, CEO Benjamin Gagnon bought 58,888 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $3.33 per share, with a total value of $196,097.04. Following the transaction, the chief executive officer owned 1,347,736 shares in the company, valued at $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 SEC, which is accessible through this link.
Analyst Upgrades and Downgrades
KEEL has been the topic of a number of recent analyst reports. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a report on Monday, May 11th. HC Wainwright lifted their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Chardan Capital reissued a “buy” rating and set a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Citizens Jmp started coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective on the stock. Finally, Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.25.
Keel Infrastructure Stock Up 6.7%
The stock’s fifty day moving average price is $4.76. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The stock has a market capitalization of $2.31 billion, a P/E ratio of -26.76 and a beta of 4.14.
Keel Infrastructure (NASDAQ:KEEL – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that Keel Infrastructure will post -0.43 EPS for the current fiscal year.
Hedge Funds Weigh In On Keel Infrastructure
A hedge fund recently bought a new stake in Keel Infrastructure stock. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure (NASDAQ:KEEL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,740,330 shares of the company’s stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned about 0.28% of Keel Infrastructure at the end of the most recent quarter. Institutional investors own 20.59% of the company’s stock.
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.
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