Keel Infrastructure (NASDAQ:KEEL) Trading Up 9.1% – Still a Buy?

Shares of Keel Infrastructure (NASDAQ:KEEL) traded up 9.1% during trading on Tuesday . The company traded as high as $3.82 and last traded at $3.7850. 15,188,374 shares were traded during trading, a decline of 61% from the average daily volume of 39,050,148 shares. The stock had previously closed at $3.47.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KEEL shares. 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 objective on the stock. Citizens Jmp began coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price target on the stock. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research note on Monday, May 11th. HC Wainwright boosted their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Stock Performance

The company has a market cap of $2.37 billion, a price-to-earnings ratio of -12.78 and a beta of 4.06. The business has a 50 day moving average price of $3.94. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The firm had revenue of $30.43 million during the quarter. During the same period last year, the firm earned ($0.05) EPS. On average, analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 58,888 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $3.33 per share, for a total transaction of $196,097.04. Following the acquisition, the chief executive officer directly owned 1,347,736 shares in the company, valued at approximately $4,487,960.88. The trade was a 4.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Liam Wilson bought 30,769 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the transaction, the chief operating officer directly owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 128,545 shares of company stock worth $425,593. Insiders own 9.50% of the company’s stock.

Hedge Funds Weigh In On Keel Infrastructure

Institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. bought a new position in Keel Infrastructure in the second quarter worth approximately $28,000. Markowski Investments purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at $29,000. Nilsine Partners LLC purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at $110,000. HighTower Advisors LLC bought a new position in shares of Keel Infrastructure in the 2nd quarter worth $161,000. Finally, Amundi purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth $214,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

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.