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

Keel Infrastructure (NASDAQ:KEEL) shares gapped up before the market opened on Thursday . The stock had previously closed at $3.18, but opened at $3.55. Keel Infrastructure shares last traded at $4.0190, with a volume of 13,584,126 shares changing hands.

Wall Street Analysts Forecast Growth

KEEL has been the topic of several analyst reports. Citigroup began coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating on the stock. BTIG Research started coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Cantor Fitzgerald decreased their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Citizens Jmp started coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Down 2.0%

The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.45 billion, a PE ratio of -28.36 and a beta of 4.11. The business has a fifty day moving average price of $5.15.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. The business had revenue of $36.99 million during the quarter. On average, analysts expect that Keel Infrastructure will post -0.27 EPS for the current year.

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.