Keel Infrastructure (NASDAQ:KEEL) Issues Quarterly Earnings Results

Keel Infrastructure (NASDAQ:KEEL) issued its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), FiscalAI reports. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $27.60 million during the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Keel Infrastructure Stock Up 13.3%

Keel Infrastructure stock traded up $0.22 during trading hours on Friday, hitting $1.87. 33,282,706 shares of the stock traded hands, compared to its average volume of 27,610,934. The firm’s 50-day moving average price is $3.03 and its two-hundred day moving average price is $3.87. Keel Infrastructure has a one year low of $1.60 and a one year high of $7.37. The company has a market cap of $1.16 billion, a PE ratio of -6.23 and a beta of 4.10. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11.

Insider Buying and Selling

In other Keel Infrastructure news, COO Liam Wilson acquired 30,769 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $3.25 per share, with a total value of $99,999.25. Following the completion of the purchase, the chief operating officer directly owned 100,978 shares in the company, valued at approximately $328,178.50. The trade was a 43.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benjamin Gagnon purchased 58,888 shares of Keel Infrastructure stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the completion of the acquisition, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. The trade was a 4.57% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 128,545 shares of company stock worth $425,593. 9.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Situational Awareness LP bought a new stake in Keel Infrastructure during the 2nd quarter valued at $151,831,000. State Street Corp purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth $78,100,000. Bank of New York Mellon Corp purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth $9,989,000. Tidal Investments LLC purchased a new position in Keel Infrastructure in the second quarter valued at about $3,213,000. Finally, Chicago Partners Investment Group LLC bought a new position in Keel Infrastructure in the third quarter worth about $719,000. Institutional investors own 20.59% of the company’s stock.

More Keel Infrastructure News

Here are the key news stories impacting Keel Infrastructure this week:

• Neutral Sentiment: Keel said it is advancing AI data-center projects and lease negotiations at three near-term sites. It expects the Sharon and Panther Creek substations to be energized in 2027, with high-performance computing revenue also targeted for 2027. Keel Infrastructure Q3 results
• Neutral Sentiment: The company sold all 2,520 bitcoin held in its treasury during Q3 for about $192 million, providing funds for its transition from bitcoin mining to AI infrastructure while also ending its direct BTC exposure. Keel sells its bitcoin treasury
• Negative Sentiment: Q3 adjusted results disappointed: Keel lost $0.10 per share versus analysts’ expected loss of $0.07, while revenue was $27.6 million and was reported lower year over year. The company’s loss also widened from the prior-year quarter. Keel Q3 loss widens
• Negative Sentiment: Management cited leasing delays, Pennsylvania permitting and financing as key hurdles; it has not yet secured data-center leases, and an expansion load-study update was pushed to Q1 2027. These delays could postpone commercialization and revenue from the AI pivot. Q3 call highlights leasing delays and AI expansion
• Negative Sentiment: Analysts lowered their price targets: Chardan cut its target to $3.75 from $4.50, while HC Wainwright reduced its target to $3.25 from $4.00. Both retained Buy ratings, but the cuts signal reduced near-term expectations. Chardan lowers Keel price target

Analyst Upgrades and Downgrades

Several analysts recently commented on KEEL shares. B. Riley Financial reduced their target price on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, October 30th. BTIG Research started coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. The Goldman Sachs Group started coverage on shares of Keel Infrastructure in a research report on Friday. They set a “neutral” rating and a $2.00 price objective for the company. Finally, HC Wainwright lowered their target price on shares of Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.41.

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.