Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 9.5% – Here’s Why

Shares of Keel Infrastructure (NASDAQ:KEEL) rose 9.5% during trading on Monday . The stock traded as high as $5.10 and last traded at $5.0250. Approximately 16,111,493 shares traded hands during trading, a decline of 60% from the average session volume of 40,674,855 shares. The stock had previously closed at $4.59.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KEEL. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Citigroup initiated coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating for the company. Cantor Fitzgerald dropped their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Chardan Capital reiterated a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. Finally, Citizens Jmp initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target on the stock. Six 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Up 8.8%

The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -35.79 and a beta of 4.11. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The stock’s fifty day moving average is $4.97.

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

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.