Keel Infrastructure (NASDAQ:KEEL) Receives $6.25 Average Target Price from Analysts

Keel Infrastructure (NASDAQ:KEEL) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.25.

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

Keel Infrastructure Price Performance

KEEL opened at $3.71 on Monday. The firm has a market capitalization of $2.29 billion, a P/E ratio of -12.37 and a beta of 4.06. 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 business’s fifty day simple moving average is $3.86. Keel Infrastructure has a fifty-two week low of $1.62 and a fifty-two week high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business 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 period in the previous year, the business earned ($0.05) earnings per share. On average, equities research analysts expect that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon purchased 38,888 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of $3.33 per share, with a total value of $129,497.04. Following the completion of the acquisition, the chief executive officer directly owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This represents a 2.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Liam Wilson purchased 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the transaction, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 128,545 shares of company stock worth $425,593 in the last 90 days. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in shares of Keel Infrastructure in the second quarter worth about $1,123,000. Tidal Investments LLC acquired a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $3,213,000. Engineers Gate Manager LP bought a new position in Keel Infrastructure in the 2nd quarter worth approximately $309,000. RFG Advisory LLC acquired a new position in Keel Infrastructure during the 2nd quarter worth $287,000. Finally, NewEdge Advisors LLC bought a new position in Keel Infrastructure in the 2nd quarter valued at $31,000. 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.