Keel Infrastructure (NASDAQ:KEEL) Trading Up 7.8% – Here’s Why

Keel Infrastructure (NASDAQ:KEEL) shares traded up 7.8% during mid-day trading on Tuesday . The stock traded as high as $3.50 and last traded at $3.5050. 13,221,650 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 39,327,723 shares. The stock had previously closed at $3.25.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KEEL. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. BTIG Research assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. HC Wainwright boosted their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, June 8th. Finally, Citizens Jmp began coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Price Performance

The company has a market capitalization of $2.15 billion, a P/E ratio of -11.62 and a beta of 4.14. The firm’s 50-day moving average price is $4.50. 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) earnings per share (EPS) 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 period in the previous year, the company posted ($0.05) EPS. On average, analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Benjamin Gagnon bought 38,888 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $3.33 per share, with a total value of $129,497.04. Following the completion of the transaction, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at $4,617,457.92. This trade represents a 2.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Liam Daniel Wilson bought 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, for a total transaction of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This trade represents a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 128,545 shares of company stock valued at $425,593. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System acquired a new position in shares of Keel Infrastructure in the second quarter valued at about $268,000. Nilsine Partners LLC bought a new stake in Keel Infrastructure in the 2nd quarter valued at about $110,000. Compass Financial Management LLC acquired a new position in shares of Keel Infrastructure during the 2nd quarter worth approximately $348,000. Markowski Investments acquired a new position in shares of Keel Infrastructure during the 2nd quarter worth approximately $29,000. Finally, FirstWave Capital Management LLC bought a new position in shares of Keel Infrastructure during the second quarter worth approximately $1,478,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

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.