Keel Infrastructure (NASDAQ:KEEL) Trading Up 9.5% – Should You Buy?

Shares of Keel Infrastructure (NASDAQ:KEEL) were up 9.5% during mid-day trading on Monday . The company traded as high as $5.10 and last traded at $5.0250. 16,111,493 shares changed hands during trading, a decline of 60% from the average session volume of 40,674,855 shares. The stock had previously closed at $4.59.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KEEL. Alliance Global Partners reissued a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Cantor Fitzgerald reduced their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research note on Monday, May 11th. Citizens Jmp started coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Weiss Ratings assumed coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Keel Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Price Performance

The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $4.97. The firm has a market cap of $3.02 billion, a PE ratio of -35.79 and a beta of 4.11.

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