Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up – What’s Next?

Keel Infrastructure (NASDAQ:KEEL)’s share price gapped up before the market opened on Monday. The stock had previously closed at $2.31, but opened at $2.45. Keel Infrastructure shares last traded at $2.3550, with a volume of 3,214,640 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KEEL shares. Citigroup restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Friday, October 9th. BTIG Research assumed coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective on the stock. Cantor Fitzgerald lowered 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. Finally, Citizens Jmp began 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.42.

Keel Infrastructure Stock Performance

The stock’s 50 day simple moving average is $3.40. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -7.92 and a beta of 4.00.

Keel Infrastructure (NASDAQ:KEEL) last announced its earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. During the same quarter in the previous year, the business earned ($0.05) EPS. Equities research analysts forecast that Keel Infrastructure will post -0.42 EPS for the current fiscal year.

Insider Transactions at Keel Infrastructure

In other Keel Infrastructure news, COO Liam Wilson purchased 30,769 shares of the stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benjamin Gagnon acquired 38,888 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the purchase, the chief executive officer directly owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This trade represents a 2.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 128,545 shares of company stock valued at $425,593 over the last 90 days. Corporate insiders own 9.50% of the company’s stock.

Institutional Trading of Keel Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Markowski Investments bought a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter worth $28,000. NewEdge Advisors LLC acquired a new stake in shares of Keel Infrastructure in the second quarter worth $31,000. Farther Finance Advisors LLC increased its position in Keel Infrastructure by 268.0% during the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock worth $47,000 after acquiring an additional 9,675 shares during the period. Finally, GFG Capital LLC bought a new position in Keel Infrastructure during the second quarter worth $82,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

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.