Keel Infrastructure (NASDAQ:KEEL) Receives Average Rating of “Moderate Buy” from Analysts

Keel Infrastructure (NASDAQ:KEEL) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.25.

A number of research firms have issued reports on KEEL. Citigroup reissued a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Chardan Capital restated a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a report on Monday, June 8th. BTIG Research began coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. Finally, Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective for the company.

Keel Infrastructure Stock Performance

Shares of KEEL stock opened at $3.57 on Monday. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -11.90 and a beta of 4.06. Keel Infrastructure has a one year low of $1.68 and a one year high of $7.37. The stock’s 50 day moving average is $3.82.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $30.43 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.During the same period last year, the firm posted ($0.05) EPS. As a group, equities analysts forecast that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, COO Liam Wilson bought 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the acquisition, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. The trade was a 43.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Benjamin Gagnon purchased 58,888 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $3.33 per share, with a total value of $196,097.04. Following the completion of the transaction, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. This trade represents a 4.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 128,545 shares of company stock worth $425,593 in the last 90 days. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Markowski Investments acquired a new stake in shares of Keel Infrastructure in the second quarter valued at about $29,000. TD Waterhouse Canada Inc. acquired a new position in Keel Infrastructure during the 2nd quarter worth approximately $28,000. NewEdge Advisors LLC purchased a new position in Keel Infrastructure in the 2nd quarter worth approximately $31,000. GFG Capital LLC purchased a new position in Keel Infrastructure in the 2nd quarter worth approximately $82,000. Finally, Nilsine Partners LLC acquired a new stake in Keel Infrastructure in the second quarter valued at approximately $110,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

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.