Keel Infrastructure (NASDAQ:KEEL) Shares Gap Down – Time to Sell?

Keel Infrastructure (NASDAQ:KEEL) gapped down prior to trading on Monday . The stock had previously closed at $3.97, but opened at $3.58. Keel Infrastructure shares last traded at $4.0050, with a volume of 12,444,577 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KEEL shares. HC Wainwright increased their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a report on Monday. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday. Cantor Fitzgerald dropped their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Chardan Capital reiterated a “buy” rating and issued a $4.50 price objective on shares of Keel Infrastructure in a report on Monday. Finally, Weiss Ratings assumed coverage on shares of Keel Infrastructure in a report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.63.

Keel Infrastructure Price Performance

The company has a market cap of $2.45 billion, a P/E ratio of -50.88 and a beta of 3.89. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.58 and a quick ratio of 5.52.

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.