Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 5.3% – What’s Next?

Keel Infrastructure (NASDAQ:KEEL) shares traded up 5.3% during mid-day trading on Wednesday . The company traded as high as $3.43 and last traded at $3.4550. Approximately 6,420,053 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 38,699,500 shares. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Chardan Capital restated a “buy” rating and set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, June 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citizens Jmp initiated coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price for the company. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Price Performance

The firm’s fifty day simple moving average is $3.77. The company has a market capitalization of $2.12 billion, a P/E ratio of -11.48 and a beta of 4.06. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $30.43 million for 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 company posted ($0.05) earnings per share. On average, analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Benjamin Gagnon acquired 58,888 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the acquisition, the chief executive officer owned 1,347,736 shares in the company, valued at approximately $4,487,960.88. This represents a 4.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Liam Wilson acquired 30,769 shares of the business’s stock in a transaction 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 acquisition, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 128,545 shares of company stock valued at $425,593 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Situational Awareness LP purchased a new stake in shares of Keel Infrastructure in the 2nd quarter valued at approximately $151,831,000. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure in the 2nd quarter worth approximately $9,989,000. Tidal Investments LLC purchased a new position in Keel Infrastructure during the 2nd quarter worth approximately $3,213,000. FirstWave Capital Management LLC acquired a new stake in Keel Infrastructure during the 2nd quarter valued at $1,478,000. Finally, Round Rock Advisors LLC acquired a new stake in Keel Infrastructure during the 2nd quarter valued at $1,425,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

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.