Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up – Still a Buy?

Keel Infrastructure (NASDAQ:KEEL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.18, but opened at $3.55. Keel Infrastructure shares last traded at $4.0190, with a volume of 13,584,126 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on KEEL shares. HC Wainwright upped their target price on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. Citigroup began coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating for the company. Cantor Fitzgerald decreased their price objective on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Chardan Capital reissued a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Price Performance

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 has a market capitalization of $2.49 billion, a PE ratio of -28.82 and a beta of 4.11. The company has a 50 day moving average of $5.17.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $36.99 million during the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. As a group, research analysts forecast that Keel Infrastructure will post -0.27 earnings per share 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.