Keel Infrastructure (NASDAQ:KEEL) Shares Down 8.5% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL)’s stock price dropped 8.5% on Friday. The company traded as low as $1.77 and last traded at $1.7850. 6,436,046 shares were traded during trading, a decline of 83% from the average session volume of 36,976,219 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. B. Riley Financial reduced their target price on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Cantor Fitzgerald decreased their price target on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Friday, October 9th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Finally, BTIG Research started coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.41.

Keel Infrastructure Stock Performance

The stock has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $3.82. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -4.83 and a beta of 4.10. The company has a debt-to-equity ratio of 3.74, a quick ratio of 12.00 and a current ratio of 12.13.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. The business had revenue of $27.60 million for the quarter. During the same period in the prior year, the business earned ($0.02) earnings per share. Analysts expect that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insider Activity

In related news, COO Liam Wilson purchased 30,769 shares of Keel Infrastructure stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edith Hofmeister purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average cost of $1.89 per share, for a total transaction of $28,350.00. Following the completion of the acquisition, the director directly owned 255,001 shares in the company, valued at $481,951.89. The trade was a 6.25% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 84,657 shares of company stock worth $257,846. Corporate insiders own 9.50% of the company’s stock.

Institutional Trading of Keel Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of KEEL. Markowski Investments bought a new stake in shares of Keel Infrastructure during the second quarter worth $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure during the 2nd quarter valued at $28,000. NewEdge Advisors LLC acquired a new stake in shares of Keel Infrastructure during the 2nd quarter valued at $31,000. Farther Finance Advisors LLC grew its position in Keel Infrastructure by 268.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock worth $47,000 after acquiring an additional 9,675 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in Keel Infrastructure during the 3rd quarter worth $49,000. Institutional investors own 20.59% of the company’s stock.

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.