Keel Infrastructure (KEEL) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Eight firms rate Keel Infrastructure a consensus “Moderate Buy,” with seven buys and one sell. The average 12-month price target is $6.42, although Cantor Fitzgerald recently lowered its target to $4.00.
• Shares are under pressure: KEEL opened at $2.18, well below its 50-day moving average of $3.29 and its 52-week high of $7.37. The company reported a quarterly loss of $0.11 per share, negative margins and return on equity, and analysts expect a full-year loss.
• Insiders have been buying: Executives purchased 128,545 shares worth approximately $425,593 over the past 90 days, while institutional ownership stands at 20.59%.

Shares of Keel Infrastructure (NASDAQ:KEEL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.42.

A number of brokerages have recently commented on KEEL. Cantor Fitzgerald cut their price objective on shares of Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. BTIG Research assumed coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a "buy" rating and a $8.00 target price for the company. Citigroup reaffirmed a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th.

Keel Infrastructure Stock Performance

Shares of Keel Infrastructure stock opened at $2.18 on Tuesday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -7.27 and a beta of 4.00. The company has a 50 day moving average price of $3.29. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. Keel Infrastructure has a 52-week low of $1.68 and a 52-week high of $7.37.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. The firm 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 in the prior year, the business posted ($0.05) earnings per share. As a group, equities research analysts predict that Keel Infrastructure will post -0.42 EPS for the current year.

Insider Transactions at Keel Infrastructure

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its position in shares of Keel Infrastructure by 22.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 60,276 shares of the company's stock worth $213,000 after purchasing an additional 10,882 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Keel Infrastructure in the 3rd quarter valued at approximately $49,000. SBI Securities Co. Ltd. boosted its holdings in shares of Keel Infrastructure by 171.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 248,945 shares of the company's stock valued at $879,000 after buying an additional 157,134 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Keel Infrastructure in the third quarter valued at $263,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Keel Infrastructure by 1,923.6% in the third quarter. TD Waterhouse Canada Inc. now owns 105,409 shares of the company's stock valued at $360,000 after buying an additional 100,200 shares in the last quarter. 20.59% of the stock is owned by institutional investors and hedge funds.

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.

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