Chardan Capital Reaffirms “Buy” Rating for Keel Infrastructure (NASDAQ:KEEL)

Keel Infrastructure (NASDAQ:KEEL)‘s stock had its “buy” rating reissued by research analysts at Chardan Capital in a note issued to investors on Monday,Benzinga reports. They presently have a $5.50 price objective on the stock. Chardan Capital’s target price suggests a potential upside of 3.36% from the company’s previous close.

Several other research firms have also commented on KEEL. Weiss Ratings assumed coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. HC Wainwright upped their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Lake Street Capital set a $5.50 target price on Keel Infrastructure in a research report on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Finally, Cantor Fitzgerald lowered their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.88.

Keel Infrastructure Price Performance

NASDAQ:KEEL traded up $0.19 during mid-day trading on Monday, hitting $5.32. The company’s stock had a trading volume of 14,058,163 shares, compared to its average volume of 36,684,609. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -37.61 and a beta of 4.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60. Keel Infrastructure has a 1 year low of $0.70 and a 1 year high of $6.60.

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.