Keel Infrastructure (KEEL) – What Are Investment Firms Saying About This Stock?

Shares of Keel Infrastructure (NASDAQ:KEEL) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.21.

Several research analysts recently weighed in on KEEL shares. Cantor Fitzgerald dropped their price objective on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. BTIG Research assumed coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. Finally, B. Riley Financial lowered their target price on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday.

Keel Infrastructure Trading Down 8.3%

KEEL opened at $1.89 on Tuesday. Keel Infrastructure has a 1-year low of $1.68 and a 1-year high of $7.37. The stock has a market capitalization of $1.17 billion, a PE ratio of -6.30 and a beta of 4.00. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11. The firm has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $3.92.

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 return on equity of 66.18% and a negative net margin of 230.59%. The company had revenue of $30.43 million for the quarter. During the same quarter last year, the firm earned ($0.05) EPS. As a group, equities analysts anticipate that Keel Infrastructure will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other news, CEO Benjamin Gagnon acquired 58,888 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $3.33 per share, for a total transaction of $196,097.04. Following the completion of the transaction, the chief executive officer directly owned 1,347,736 shares in the company, valued at $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 at this hyperlink. Also, COO Liam Wilson acquired 30,769 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 128,545 shares of company stock worth $425,593 in the last ninety days. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new position in Keel Infrastructure in the third quarter valued at approximately $719,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Keel Infrastructure in the third quarter valued at approximately $300,000. Apollon Wealth Management LLC boosted its stake in Keel Infrastructure by 22.0% in the third quarter. Apollon Wealth Management LLC now owns 60,276 shares of the company’s stock valued at $213,000 after acquiring an additional 10,882 shares during the last quarter. Brookstone Capital Management acquired a new stake in Keel Infrastructure during the 3rd quarter worth $49,000. Finally, SBI Securities Co. Ltd. grew its holdings in Keel Infrastructure by 171.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 248,945 shares of the company’s stock worth $879,000 after acquiring an additional 157,134 shares during the period. 20.59% of the stock is currently owned by institutional investors and hedge funds.

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.