Keel Infrastructure (NASDAQ:KEEL) Stock: Insider Amy Freedman Purchases 25,000 Shares

Keel Infrastructure (NASDAQ:KEEL) Director Amy Freedman acquired 25,000 shares of Keel Infrastructure stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average price of $1.88 per share, with a total value of $47,000.00. Following the purchase, the director directly owned 94,568 shares of the company’s stock, valued at approximately $177,787.84. This trade represents a 35.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Amy Freedman also recently made the following trade(s):

• On Thursday, November 12th, Amy Freedman acquired 15,000 shares of Keel Infrastructure stock. The shares were bought at an average cost of $1.94 per share, for a total transaction of $29,100.00.

Keel Infrastructure Price Performance

KEEL traded down $0.09 on Friday, hitting $1.86. 18,527,176 shares of the company were exchanged, compared to its average volume of 28,723,802. The company has a debt-to-equity ratio of 3.74, a quick ratio of 12.00 and a current ratio of 12.13. The business’s fifty day moving average is $2.91 and its 200 day moving average is $3.80. Keel Infrastructure has a fifty-two week low of $1.60 and a fifty-two week high of $7.37. The firm has a market capitalization of $1.15 billion, a P/E ratio of -4.89 and a beta of 4.10.

Keel Infrastructure (NASDAQ:KEEL) last issued its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. The company had revenue of $27.60 million during the quarter. During the same period in the previous year, the business posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Keel Infrastructure

Several hedge funds have recently added to or reduced their stakes in KEEL. Markowski Investments acquired a new position in Keel Infrastructure during the second quarter worth about $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $28,000. NewEdge Advisors LLC acquired a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its position in shares of Keel Infrastructure by 268.0% in the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock valued at $47,000 after purchasing an additional 9,675 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Keel Infrastructure by 38.5% in the third quarter. HighTower Advisors LLC now owns 38,876 shares of the company’s stock valued at $137,000 after purchasing an additional 10,806 shares during the last quarter. 20.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KEEL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. The Goldman Sachs Group began coverage on Keel Infrastructure in a research note on Friday, November 6th. They issued a “neutral” rating and a $2.00 price objective for the company. BTIG Research started coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Finally, Cantor Fitzgerald lowered their target price on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.41.

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.