Keel Infrastructure (NASDAQ:KEEL) Stock: Insider Edith Hofmeister Acquires 15,000 Shares

Keel Infrastructure (NASDAQ:KEEL) Director Edith Hofmeister acquired 15,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $1.89 per share, with a total value of $28,350.00. Following the transaction, the director owned 255,001 shares of the company’s stock, valued at approximately $481,951.89. This trade represents a 6.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Keel Infrastructure Trading Up 8.4%

KEEL stock opened at $2.07 on Thursday. The company’s 50-day simple moving average is $2.96 and its 200-day simple moving average is $3.83. The company has a quick ratio of 12.00, a current ratio of 12.13 and a debt-to-equity ratio of 3.74. Keel Infrastructure has a 52-week low of $1.60 and a 52-week high of $7.37. The firm has a market cap of $1.28 billion, a P/E ratio of -5.45 and a beta of 4.10.

Keel Infrastructure (NASDAQ:KEEL) last posted its earnings results on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. The business had revenue of $27.60 million for the quarter. During the same quarter in the previous year, the business earned ($0.02) EPS. As a group, equities analysts forecast that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Institutional Trading of Keel Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the stock. Markowski Investments purchased a new position in Keel Infrastructure in the 2nd quarter valued at about $29,000. TD Waterhouse Canada Inc. acquired a new stake in Keel Infrastructure in the 2nd quarter worth about $28,000. NewEdge Advisors LLC acquired a new stake in Keel Infrastructure in the 2nd quarter worth about $31,000. Farther Finance Advisors LLC increased its stake in 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 buying an additional 9,675 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in Keel Infrastructure during the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. 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. The Goldman Sachs Group began coverage on Keel Infrastructure in a research note on Friday, November 6th. They set a “neutral” rating and a $2.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. B. Riley Financial decreased their target price on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, HC Wainwright dropped their price target on shares of Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.41.

About Keel Infrastructure

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.