Keel Infrastructure (NASDAQ:KEEL) Trading Up 5.3% – Time to Buy?

Keel Infrastructure (NASDAQ:KEEL)’s share price rose 5.3% during trading on Wednesday . The stock traded as high as $3.43 and last traded at $3.4550. 6,420,053 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 38,699,500 shares. The stock had previously closed at $3.28.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KEEL shares. BTIG Research began coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 target price for the company. Citigroup restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. 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 price objective for the company. Chardan Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Price Performance

The firm has a market capitalization of $2.23 billion, a P/E ratio of -12.03 and a beta of 4.06. The stock’s fifty day moving average is $3.72. 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) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $30.43 million for the quarter. During the same quarter last year, the business earned ($0.05) EPS. Research analysts predict that Keel Infrastructure will post -0.43 EPS for the current year.

Insider Buying and Selling at Keel Infrastructure

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Markowski Investments acquired a new position in shares of Keel Infrastructure during the second quarter valued at approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter worth approximately $28,000. NewEdge Advisors LLC acquired a new stake in shares of Keel Infrastructure in the second quarter worth approximately $31,000. GFG Capital LLC acquired a new stake in shares of Keel Infrastructure in the second quarter worth approximately $82,000. Finally, Nilsine Partners LLC purchased a new stake in shares of Keel Infrastructure during the second quarter worth approximately $110,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

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.