Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 9.5% – Time to Buy?

Keel Infrastructure (NASDAQ:KEEL) traded up 9.5% during mid-day trading on Monday . The stock traded as high as $5.10 and last traded at $5.0250. 16,111,493 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 40,674,855 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KEEL. Citizens Jmp started coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective on the stock. Cantor Fitzgerald cut their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. HC Wainwright raised their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Citigroup started coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating for the company. Finally, Weiss Ratings began coverage on Keel Infrastructure in a research note on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Up 3.5%

The stock has a market cap of $2.78 billion, a P/E ratio of -32.67 and a beta of 4.11. 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 stock has a fifty day simple moving average of $5.03.

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

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.