Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 10.4% – Here’s Why

Keel Infrastructure (NASDAQ:KEEL)’s share price dropped 10.4% on Tuesday . The stock traded as low as $4.37 and last traded at $4.3350. 10,340,271 shares changed hands during trading, a decline of 75% from the average daily volume of 40,571,230 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

A number of brokerages have commented on KEEL. Cantor Fitzgerald cut their price target on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Chardan Capital restated a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. Weiss Ratings began coverage on Keel Infrastructure in a research note on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Citigroup started coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Keel Infrastructure Price Performance

The firm has a market cap of $2.77 billion, a P/E ratio of -32.67 and a beta of 4.11. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The company’s 50 day simple moving average is $5.01.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.24) EPS for the quarter. The company had revenue of $36.99 million for the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. Sell-side analysts forecast that Keel Infrastructure will post -0.27 EPS for the current fiscal year.

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.