Keel Infrastructure (NASDAQ:KEEL) Shares Up 19.8% - Time to Buy?

Key Points

• Shares jumped 19.8% intraday to about $2.82 (previous close $2.35) with 16.45M shares traded, roughly 54% below its average session volume.
• Cantor Fitzgerald cut its price target from $5 to $3 but kept an overweight rating; MarketBeat shows a consensus Buy rating with a $3 target.
• The company has a market cap of $1.65B, a negative P/E of -11.91 and high liquidity (quick ratio 5.52, current ratio 5.58) alongside a debt-to-equity of 1.03 and a beta of 3.77.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) shot up 19.8% during mid-day trading on Tuesday . The stock traded as high as $2.79 and last traded at $2.8150. 16,454,165 shares were traded during mid-day trading, a decline of 54% from the average session volume of 35,468,738 shares. The stock had previously closed at $2.35.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reduced 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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Keel Infrastructure Stock Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.52 and a current ratio of 5.58. The stock has a market cap of $1.65 billion, a PE ratio of -11.91 and a beta of 3.77.

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.

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