Keel Infrastructure (NASDAQ:KEEL) Trading Down 13.1% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL)’s stock price traded down 13.1% during trading on Tuesday . The stock traded as low as $3.32 and last traded at $3.2750. 41,928,676 shares changed hands during trading, an increase of 7% from the average daily volume of 39,116,500 shares. The stock had previously closed at $3.77.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KEEL shares. HC Wainwright lifted their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Lake Street Capital set a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, May 11th. Finally, BTIG Research began coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Down 13.3%

The firm has a 50 day moving average price of $4.72. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11. The company has a market cap of $2.02 billion, a P/E ratio of -23.25 and a beta of 4.14.

Keel Infrastructure (NASDAQ:KEEL) last posted its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. During the same period in the prior year, the business posted ($0.05) EPS. As a group, equities research analysts expect that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Benjamin Gagnon acquired 58,888 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price 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. The trade was a 4.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in shares of Keel Infrastructure in the second quarter valued at $348,000. Public Employees Retirement System of Ohio acquired a new stake in Keel Infrastructure during the 2nd quarter valued at $817,000. Finally, Bank of New York Mellon Corp purchased a new stake in Keel Infrastructure during the 2nd quarter worth $9,989,000. 20.59% of the stock is owned by institutional investors and hedge funds.

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.