B. Riley Financial Issues Pessimistic Forecast for Keel Infrastructure (NASDAQ:KEEL) Stock Price

Keel Infrastructure (NASDAQ:KEEL) had its price objective decreased by equities researchers at B. Riley Financial from $6.00 to $5.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s target price points to a potential upside of 136.41% from the stock’s current price.

Several other brokerages also recently issued reports on KEEL. BTIG Research assumed coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Cantor Fitzgerald cut their price objective on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Eight 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.21.

Keel Infrastructure Stock Performance

Shares of KEEL opened at $2.12 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -7.08 and a beta of 4.00. Keel Infrastructure has a twelve month low of $1.68 and a twelve month high of $7.37. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The firm has a 50 day moving average of $3.20.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The business had revenue of $30.43 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. During the same period last year, the company posted ($0.05) EPS. On average, sell-side analysts anticipate that Keel Infrastructure will post -0.41 earnings per share for the current fiscal year.

Insider Activity at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon purchased 58,888 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $3.33 per share, with a total value of $196,097.04. Following the completion of the purchase, the chief executive officer owned 1,347,736 shares of the company’s stock, 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 document filed with the SEC, which is available at this link. Also, COO Liam Wilson bought 30,769 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, with a total value of $99,999.25. Following the completion of the transaction, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. The trade was a 43.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 128,545 shares of company stock valued at $425,593 in the last ninety days. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Keel Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Keel Infrastructure during the third quarter valued at approximately $300,000. Apollon Wealth Management LLC raised its stake in shares of Keel Infrastructure by 22.0% in the third quarter. Apollon Wealth Management LLC now owns 60,276 shares of the company’s stock valued at $213,000 after buying an additional 10,882 shares during the period. Brookstone Capital Management purchased a new stake in Keel Infrastructure during the third quarter valued at about $49,000. SBI Securities Co. Ltd. boosted its holdings in Keel Infrastructure by 171.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 248,945 shares of the company’s stock worth $879,000 after buying an additional 157,134 shares during the period. Finally, SteelPeak Wealth LLC purchased a new position in shares of Keel Infrastructure in the third quarter valued at $263,000. Institutional investors own 20.59% of the company’s stock.

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.