Keel Infrastructure (NASDAQ:KEEL) Trading Up 8.1% – Still a Buy?

Keel Infrastructure (NASDAQ:KEEL)’s share price was up 8.1% on Thursday . The company traded as high as $4.47 and last traded at $4.4850. 18,952,843 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 35,125,535 shares. The stock had previously closed at $4.15.

Analysts Set New Price Targets

Several research firms have recently issued reports on KEEL. Cantor Fitzgerald lowered their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday. HC Wainwright upped their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Chardan Capital reaffirmed a “buy” rating and set a $4.50 price objective on shares of Keel Infrastructure in a report on Monday, May 11th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday. Four investment 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 currently has an average rating of “Moderate Buy” and an average target price of $4.63.

Keel Infrastructure Price Performance

The firm has a market cap of $2.65 billion, a P/E ratio of -54.88 and a beta of 3.89. The company has a debt-to-equity ratio of 1.37, a quick ratio of 5.52 and a current ratio of 9.60.

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.