Keel Infrastructure (NASDAQ:KEEL) Shares Down 8.2% - What's Next?

Key Points

• Keel Infrastructure shares fell 8.2% to $3.5610, with the stock trading as low as $3.40 during Monday’s session.
• Analyst sentiment remains broadly positive: seven analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $6.25.
• The company reported a quarterly loss of $0.11 per share on $30.43 million in revenue, alongside a negative net margin of 171.23%; institutional investors own 20.59% of outstanding shares.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) fell 8.2% on Monday . The company traded as low as $3.40 and last traded at $3.5610. Approximately 11,510,632 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 38,923,730 shares. The stock had previously closed at $3.88.

Analyst Ratings Changes

KEEL has been the topic of several research reports. Lake Street Capital set a $5.50 target price on Keel Infrastructure in a research note on Monday, May 11th. Citigroup began coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an "outperform" rating for the company. Chardan Capital reiterated a "buy" rating and set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. HC Wainwright increased their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a "buy" rating in a research report on Monday, May 11th. Finally, BTIG Research started coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.25.

Keel Infrastructure Stock Performance

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 50-day simple moving average of $5.01. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -24.61 and a beta of 4.14.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, analysts anticipate that Keel Infrastructure will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On Keel Infrastructure

A hedge fund recently bought a new position in Keel Infrastructure stock. Bank of New York Mellon Corp purchased a new stake in Keel Infrastructure (NASDAQ:KEEL - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,740,330 shares of the company's stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned approximately 0.28% of Keel Infrastructure as of its most recent SEC filing. Hedge funds and other institutional investors own 20.59% of the company's stock.

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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