Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up – Here’s Why

Keel Infrastructure (NASDAQ:KEEL) gapped up before the market opened on Thursday . The stock had previously closed at $3.18, but opened at $3.55. Keel Infrastructure shares last traded at $4.0190, with a volume of 13,584,126 shares changing hands.

Wall Street Analyst Weigh In

KEEL has been the topic of several analyst reports. BTIG Research assumed coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. Lake Street Capital set a $5.50 target price on Keel Infrastructure in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Cantor Fitzgerald dropped their target price on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Chardan Capital reiterated a “buy” rating and set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Price Performance

The stock has a market capitalization of $2.49 billion, a PE ratio of -28.82 and a beta of 4.11. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43. The business has a fifty day simple moving average of $5.17.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $36.99 million during the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. On average, analysts forecast that Keel Infrastructure will post -0.27 EPS for the current year.

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.