Keel Infrastructure (NASDAQ:KEEL) Receives $6.25 Consensus Price Target from Analysts

Keel Infrastructure (NASDAQ:KEEL) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.25.

Several equities analysts have weighed in on KEEL shares. Citizens Jmp initiated coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target for the company. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. Citigroup restated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Finally, BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company.

Keel Infrastructure Price Performance

Shares of KEEL stock opened at $3.57 on Monday. The business’s fifty day simple moving average is $3.82. Keel Infrastructure has a 1-year low of $1.68 and a 1-year high of $7.37. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -11.90 and a beta of 4.06. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.The firm had revenue of $30.43 million for the quarter. During the same quarter last year, the business earned ($0.05) earnings per share. Equities research analysts expect that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 58,888 shares of the company’s stock in a transaction dated 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. The trade was a 4.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Liam Wilson purchased 30,769 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. This represents a 43.82% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 128,545 shares of company stock valued at $425,593. 9.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Keel Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Markowski Investments purchased a new position in shares of Keel Infrastructure during the 2nd quarter valued at approximately $29,000. TD Waterhouse Canada Inc. bought a new stake in shares of Keel Infrastructure in the second quarter worth $28,000. NewEdge Advisors LLC bought a new stake in shares of Keel Infrastructure in the second quarter worth $31,000. GFG Capital LLC acquired a new stake in Keel Infrastructure in the second quarter valued at $82,000. Finally, Nilsine Partners LLC acquired a new stake in Keel Infrastructure in the second quarter valued at $110,000. 20.59% of the stock is currently owned by hedge funds and other institutional investors.

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.