Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 6.2% – Here’s Why

Keel Infrastructure (NASDAQ:KEEL) was up 6.2% during trading on Tuesday. The stock traded as high as $2.34 and last traded at $2.3150. 2,701,549 shares traded hands during trading, a decline of 93% from the average session volume of 37,309,941 shares. The stock had previously closed at $2.18.

Wall Street Analyst Weigh In

KEEL has been the topic of several recent analyst reports. Cantor Fitzgerald dropped their target price on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Friday, October 9th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, BTIG Research began coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.42.

Keel Infrastructure Price Performance

The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The company has a 50 day moving average price of $3.29. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -7.52 and a beta of 4.00.

Keel Infrastructure (NASDAQ:KEEL) last issued its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. The company had revenue of $30.43 million for the quarter. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, analysts expect that Keel Infrastructure will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Keel Infrastructure news, CEO Benjamin Gagnon purchased 58,888 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $3.33 per share, with a total value of $196,097.04. Following the acquisition, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This represents a 4.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Liam Wilson purchased 30,769 shares of the stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $3.25 per share, with a total value of $99,999.25. Following the transaction, the chief operating officer directly owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. The trade was a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 128,545 shares of company stock worth $425,593. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Keel Infrastructure during the second quarter valued at about $28,000. Markowski Investments purchased a new position in shares of Keel Infrastructure in the second quarter worth approximately $29,000. NewEdge Advisors LLC purchased a new position in shares of Keel Infrastructure in the second quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of Keel Infrastructure by 268.0% in the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock worth $47,000 after acquiring an additional 9,675 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of Keel Infrastructure during the third quarter valued at approximately $49,000. 20.59% of the stock is owned by institutional investors and hedge funds.

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.