Keel Infrastructure (NASDAQ:KEEL) Stock Jumps 9.8% – Should You Buy?

Keel Infrastructure (NASDAQ:KEEL)’s share price was up 9.8% during mid-day trading on Tuesday. The company traded as high as $2.09 and last traded at $2.0750. 3,031,000 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 37,068,949 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KEEL shares. B. Riley Financial reduced their target price on shares of Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald dropped their price objective on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Keel Infrastructure presently has a consensus rating of “Moderate Buy” and an average price target of $6.21.

Keel Infrastructure Stock Up 13.0%

The company has a market cap of $1.32 billion, a P/E ratio of -7.08 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. The business’s 50 day moving average is $3.14 and its 200 day moving average is $3.92.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.11) 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 for the quarter. During the same period last year, the firm posted ($0.05) EPS. As a group, equities analysts anticipate that Keel Infrastructure will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other news, COO Liam Wilson acquired 30,769 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, with a total value of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This represents a 43.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin Gagnon acquired 58,888 shares of the business’s stock in a transaction 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 directly owned 1,347,736 shares of the company’s stock, valued at $4,487,960.88. This represents a 4.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 128,545 shares of company stock valued at $425,593 over the last three months. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KEEL. TD Waterhouse Canada Inc. purchased a new position in Keel Infrastructure during the second quarter worth about $28,000. Markowski Investments purchased a new position in Keel Infrastructure during the second quarter worth approximately $29,000. NewEdge Advisors LLC purchased a new position in Keel Infrastructure during the second quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Keel Infrastructure by 268.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock valued at $47,000 after purchasing an additional 9,675 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Keel Infrastructure during the 3rd quarter valued at $49,000. 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.