Keel Infrastructure (NASDAQ:KEEL) Shares Climb 8.3% – Time to Buy?

Keel Infrastructure (NASDAQ:KEEL) shares traded up 8.3% during mid-day trading on Friday. The stock traded as high as $3.68 and last traded at $3.7250. Approximately 3,108,592 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 38,186,590 shares. The stock had previously closed at $3.44.

Analysts Set New Price Targets

Several research analysts have recently 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 objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th. BTIG Research began coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Finally, Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Stock Up 4.8%

The stock has a fifty day moving average price of $3.60. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -12.08 and a beta of 4.00. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $30.43 million during the quarter. During the same quarter last year, the company earned ($0.05) EPS. Research analysts expect that Keel Infrastructure will post -0.42 EPS for the current year.

Insiders Place Their Bets

In related news, COO Liam Wilson acquired 30,769 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer directly owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Benjamin Gagnon acquired 38,888 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was bought at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the acquisition, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at approximately $4,617,457.92. The trade was a 2.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 128,545 shares of company stock worth $425,593. 9.50% of the stock is owned by company insiders.

Institutional Trading of Keel Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Situational Awareness LP acquired a new stake in Keel Infrastructure during the second quarter worth approximately $151,831,000. State Street Corp acquired a new position in shares of Keel Infrastructure in the second quarter valued at approximately $78,100,000. Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $9,989,000. Tidal Investments LLC bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $3,213,000. Finally, FirstWave Capital Management LLC acquired a new stake in Keel Infrastructure during the 2nd quarter worth approximately $1,478,000. 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.