Keel Infrastructure (NASDAQ:KEEL) Given Average Rating of “Moderate Buy” by Brokerages

Keel Infrastructure (NASDAQ:KEEL) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.25.

KEEL has been the topic of several recent research reports. HC Wainwright boosted 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. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, May 11th. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a report on Monday, June 8th. 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 target on the stock.

Insider Activity

In related news, CEO Benjamin Gagnon bought 58,888 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $3.33 per share, with a total value of $196,097.04. Following the purchase, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. This represents a 4.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Keel Infrastructure

Several hedge funds have recently bought and sold shares of KEEL. Bank of New York Mellon Corp acquired a new position in shares of Keel Infrastructure in the second quarter worth $9,989,000. Compass Financial Management LLC acquired a new stake in shares of Keel Infrastructure during the second quarter valued at $348,000. Public Employees Retirement System of Ohio purchased a new stake in Keel Infrastructure during the 2nd quarter worth about $817,000. Finally, Van ECK Associates Corp purchased a new stake in Keel Infrastructure during the 2nd quarter worth about $1,217,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Keel Infrastructure Price Performance

NASDAQ KEEL opened at $3.25 on Thursday. The company has a 50 day moving average price of $4.64. The stock has a market cap of $2.01 billion, a P/E ratio of -10.83 and a beta of 4.14. Keel Infrastructure has a 1-year low of $1.18 and a 1-year high of $7.37. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11.

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

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.