Keel Infrastructure (NASDAQ:KEEL) Trading 7.8% Higher – What’s Next?

Keel Infrastructure (NASDAQ:KEEL) was up 7.8% during mid-day trading on Tuesday . The company traded as high as $3.50 and last traded at $3.5050. 13,221,650 shares changed hands during trading, a decline of 66% from the average session volume of 39,327,723 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research report on Monday, May 11th. BTIG Research initiated coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price target on the stock. Citigroup reissued a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. Finally, Citizens Jmp began coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Trading Down 4.3%

The firm has a fifty day simple moving average of $4.40. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -11.20 and a beta of 4.14. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

Keel Infrastructure (NASDAQ:KEEL) last announced its earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The company had revenue of $30.43 million for the quarter. During the same period last year, the company posted ($0.05) earnings per share. As a group, equities research analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Benjamin Gagnon bought 38,888 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the acquisition, the chief executive officer directly owned 1,386,624 shares in the company, valued at $4,617,457.92. This represents a 2.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Liam Daniel Wilson bought 30,769 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the transaction, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 128,545 shares of company stock worth $425,593. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Hedge funds have recently made changes to their positions in the company. Situational Awareness LP purchased a new position in Keel Infrastructure during the 2nd quarter worth approximately $151,831,000. Bank of New York Mellon Corp purchased a new stake in shares of Keel Infrastructure in the second quarter valued at $9,989,000. FirstWave Capital Management LLC purchased a new stake in shares of Keel Infrastructure in the second quarter valued at $1,478,000. Round Rock Advisors LLC purchased a new stake in shares of Keel Infrastructure in the second quarter valued at $1,425,000. Finally, Susquehanna Advisors Group Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter worth $1,333,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Keel Infrastructure Company Profile

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.