Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 8% – Time to Buy?

Keel Infrastructure (NASDAQ:KEEL) shares traded up 8% during mid-day trading on Monday . The stock traded as high as $4.38 and last traded at $4.2650. Approximately 5,367,112 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 39,735,527 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KEEL. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. HC Wainwright lifted their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Citizens Jmp initiated coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 target price on the stock. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Keel Infrastructure Trading Up 7.2%

The company has a 50 day simple moving average of $5.18. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -30.25 and a beta of 4.11.

Keel Infrastructure (NASDAQ:KEEL) last issued its earnings results 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 company had revenue of $36.99 million for the quarter. On average, sell-side analysts forecast that Keel Infrastructure will post -0.27 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.