Keel Infrastructure (NASDAQ:KEEL) Stock Has Average Target Price of $6.25 According to Brokerages

Shares of Keel Infrastructure (NASDAQ:KEEL) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.25.

Several analysts have issued reports on the company. BTIG Research started coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price objective on the stock. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citizens Jmp started coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Chardan Capital reaffirmed a “buy” rating and set a $5.50 price target on shares of Keel Infrastructure in a report on Monday, June 8th.

Keel Infrastructure Price Performance

Keel Infrastructure stock opened at $3.62 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -12.07 and a beta of 4.00. The business’s 50-day moving average price is $3.58. Keel Infrastructure has a fifty-two week low of $1.68 and a fifty-two week high of $7.37. 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 issued its earnings results 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 firm had revenue of $30.43 million during the quarter. During the same period in the prior year, the business earned ($0.05) EPS. As a group, analysts expect that Keel Infrastructure will post -0.42 EPS for the current year.

Insider Buying and Selling at Keel Infrastructure

In related news, CEO Benjamin Gagnon acquired 58,888 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $3.33 per share, with a total value of $196,097.04. Following the completion of the transaction, the chief executive officer directly owned 1,347,736 shares of the company’s stock, valued at $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 SEC, which is accessible through the SEC website. Also, COO Liam Wilson bought 30,769 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were bought 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. The trade was a 43.82% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 128,545 shares of company stock worth $425,593. Corporate insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Markowski Investments bought a new stake in shares of Keel Infrastructure during the second quarter worth approximately $29,000. TD Waterhouse Canada Inc. acquired a new position in shares of Keel Infrastructure in the second quarter valued at approximately $28,000. NewEdge Advisors LLC bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $31,000. GFG Capital LLC bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $82,000. Finally, Nilsine Partners LLC bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $110,000. 20.59% of the stock is owned by institutional investors.

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.