Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 10.4% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL) shares were down 10.4% during trading on Tuesday . The company traded as low as $4.37 and last traded at $4.3350. Approximately 10,340,271 shares were traded during trading, a decline of 75% from the average daily volume of 40,571,230 shares. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Chardan Capital reissued a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. HC Wainwright raised their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Cantor Fitzgerald reduced 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 objective on Keel Infrastructure in a report on Monday, May 11th. Finally, Weiss Ratings assumed coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Keel Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Keel Infrastructure Price Performance

The firm has a market cap of $2.76 billion, a PE ratio of -32.57 and a beta of 4.11. The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $5.06.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. The company had revenue of $36.99 million for the quarter. Research analysts predict 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.