Keel Infrastructure (NASDAQ:KEEL) Shares Up 8% – Here’s Why

Keel Infrastructure (NASDAQ:KEEL)’s share price rose 8% on Monday . The company traded as high as $4.38 and last traded at $4.2650. Approximately 5,367,112 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 39,735,527 shares. The stock had previously closed at $3.95.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KEEL. Citizens Jmp assumed coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target for the company. Cantor Fitzgerald reduced their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Citigroup began coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating for the company. HC Wainwright increased their target price on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Up 7.1%

The firm has a 50 day moving average price of $5.20. 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 company has a market cap of $2.87 billion, a P/E ratio of -33.21 and a beta of 4.11.

Keel Infrastructure (NASDAQ:KEEL) last posted its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company 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, equities research analysts expect that Keel Infrastructure will post -0.27 EPS for the current fiscal year.

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.