Keel Infrastructure (NASDAQ:KEEL) Hits New 12-Month High – Should You Buy?

Keel Infrastructure (NASDAQ:KEEL) shares reached a new 52-week high during trading on Monday . The stock traded as high as $6.95 and last traded at $7.0930, with a volume of 3919083 shares changing hands. The stock had previously closed at $6.29.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KEEL shares. Cantor Fitzgerald dropped their price objective on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Lake Street Capital set a $5.50 price objective on Keel Infrastructure in a research report on Monday, May 11th. HC Wainwright lifted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings initiated coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating for the company. Finally, Chardan Capital restated a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Keel Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $4.88.

Keel Infrastructure Stock Performance

The firm has a 50-day moving average of $4.54. The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37. The firm has a market cap of $3.98 billion, a P/E ratio of -47.14 and a beta of 4.11.

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.