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

Keel Infrastructure (NASDAQ:KEEL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.36, but opened at $3.53. Keel Infrastructure shares last traded at $3.5240, with a volume of 6,173,536 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BTIG Research assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research note on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. HC Wainwright increased their target price on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Citigroup reissued a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Performance

The stock has a fifty day moving average price of $4.40. The company has a market capitalization of $2.30 billion, a PE ratio of -12.28 and a beta of 4.14. 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 issued its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. During the same period last year, the firm posted ($0.05) earnings per share. As a group, equities analysts predict that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Benjamin Gagnon purchased 38,888 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average price of $3.33 per share, with a total value of $129,497.04. Following the completion of the transaction, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. The trade was a 2.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Liam Daniel Wilson purchased 30,769 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $3.25 per share, with a total value of $99,999.25. Following the completion of the acquisition, 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 disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 128,545 shares of company stock worth $425,593. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Several large investors have recently added to or reduced their stakes in KEEL. Markowski Investments bought a new stake in Keel Infrastructure in the second quarter worth approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure during the 2nd quarter worth approximately $28,000. Nilsine Partners LLC bought a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $110,000. HighTower Advisors LLC bought a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $161,000. Finally, Amundi bought a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $214,000. Institutional investors and hedge funds 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.