Shares of Keel Infrastructure (NASDAQ:KEEL – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.21.
A number of brokerages recently weighed in on KEEL. Citigroup restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Cantor Fitzgerald decreased their price target on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. BTIG Research began coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price target on the stock. B. Riley Financial cut their price objective on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th.
View Our Latest Analysis on KEEL
Insiders Place Their Bets
In related news, CEO Benjamin Gagnon bought 58,888 shares of Keel Infrastructure stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $3.33 per share, with a total value of $196,097.04. Following the completion of the acquisition, the chief executive officer directly owned 1,347,736 shares in the company, valued at approximately $4,487,960.88. This trade represents a 4.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Liam Wilson bought 30,769 shares of Keel Infrastructure stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, with a total value of $99,999.25. Following the completion of the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at $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. Insiders purchased a total of 128,545 shares of company stock worth $425,593 over the last 90 days. Insiders own 9.50% of the company’s stock.
Hedge Funds Weigh In On Keel Infrastructure
Institutional investors have recently bought and sold shares of the stock. Situational Awareness LP purchased a new stake in Keel Infrastructure during the second quarter valued at about $151,831,000. Bank of New York Mellon Corp purchased a new position in shares of Keel Infrastructure in the second quarter worth approximately $9,989,000. State Street Corp purchased a new position in shares of Keel Infrastructure in the second quarter worth approximately $78,100,000. Tidal Investments LLC purchased a new position in shares of Keel Infrastructure in the second quarter worth approximately $3,213,000. Finally, Round Rock Advisors LLC acquired a new stake in shares of Keel Infrastructure during the second quarter valued at approximately $1,425,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.
Keel Infrastructure Stock Performance
NASDAQ:KEEL opened at $2.06 on Tuesday. Keel Infrastructure has a twelve month low of $1.68 and a twelve month high of $7.37. 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 company has a 50-day moving average of $3.17 and a 200-day moving average of $3.94. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -6.87 and a beta of 4.00.
Keel Infrastructure (NASDAQ:KEEL – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. The business had revenue of $30.43 million during the quarter. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Analysts forecast that Keel Infrastructure will post -0.41 earnings per share 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.
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