Keel Infrastructure (NASDAQ:KEEL) Trading Down 10.4% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL) dropped 10.4% during mid-day trading on Tuesday . The company traded as low as $4.37 and last traded at $4.3350. Approximately 10,340,271 shares were traded during trading, a decline of 75% from the average daily volume of 40,571,230 shares. The stock had previously closed at $4.84.

Analysts Set New Price Targets

KEEL has been the subject of several research reports. Cantor Fitzgerald lowered 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. HC Wainwright boosted their price target on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a report on Monday, May 11th. Citizens Jmp began coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective for the company. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Performance

The company has a fifty day moving average of $5.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -32.67 and a beta of 4.11.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.24) EPS for the quarter. The company had revenue of $36.99 million for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%. As a group, sell-side analysts predict that Keel Infrastructure will post -0.27 EPS for the current fiscal 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.