Keel Infrastructure (NASDAQ:KEEL) Stock Gets Price Target Trim from Cantor Fitzgerald

Keel Infrastructure (NASDAQ:KEEL) had its target price trimmed by Cantor Fitzgerald from $5.00 to $4.00 in a research report released on Friday, MarketBeat reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Citizens Jmp initiated coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price for the company. BTIG Research began coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.42.

Keel Infrastructure Price Performance

Shares of NASDAQ:KEEL opened at $2.31 on Friday. Keel Infrastructure has a fifty-two week low of $1.68 and a fifty-two week high of $7.37. The business has a 50-day moving average of $3.40. The firm has a market capitalization of $1.43 billion, a PE ratio of -7.70 and a beta of 4.00. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11.

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

Insider Activity

In other Keel Infrastructure news, CEO Benjamin Gagnon acquired 58,888 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $3.33 per share, with a total value of $196,097.04. Following the transaction, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Liam Wilson bought 30,769 shares of the firm’s stock in a transaction that occurred 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 purchase, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 128,545 shares of company stock valued at $425,593 in the last three months. 9.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KEEL. TD Waterhouse Canada Inc. bought a new stake in Keel Infrastructure in the 2nd quarter valued at $28,000. Markowski Investments acquired a new stake in Keel Infrastructure in the 2nd quarter worth $29,000. NewEdge Advisors LLC acquired a new stake in Keel Infrastructure in the 2nd quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 9,675 shares during the period. Finally, GFG Capital LLC bought a new position in shares of Keel Infrastructure during the 2nd quarter worth about $82,000. 20.59% of the stock is owned by institutional investors.

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.