Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up – Still a Buy?

Keel Infrastructure (NASDAQ:KEEL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.40, but opened at $3.62. Keel Infrastructure shares last traded at $3.4850, with a volume of 7,157,178 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. BTIG Research began coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Citizens Jmp assumed coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Keel Infrastructure has a consensus rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Stock Up 7.5%

The stock’s 50 day moving average price is $3.74. 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 firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -12.12 and a beta of 4.06.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company 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 period last year, the company posted ($0.05) EPS. Sell-side analysts forecast that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other news, COO Liam Wilson acquired 30,769 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer directly owned 100,978 shares in the company, valued at $328,178.50. The trade was a 43.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Benjamin Gagnon purchased 38,888 shares of Keel Infrastructure stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the acquisition, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at approximately $4,617,457.92. The trade was a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 128,545 shares of company stock worth $425,593. 9.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Keel Infrastructure

Institutional investors have recently made changes to their positions in the stock. Markowski Investments acquired a new stake in Keel Infrastructure during the 2nd quarter valued at approximately $29,000. TD Waterhouse Canada Inc. bought a new position in shares of Keel Infrastructure in the 2nd quarter worth about $28,000. NewEdge Advisors LLC acquired a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $31,000. GFG Capital LLC acquired a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $82,000. Finally, Nilsine Partners LLC bought a new stake in shares of Keel Infrastructure during the 2nd quarter valued at about $110,000. Institutional investors own 20.59% of the company’s stock.

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.