Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 12.9% - Here's Why

Key Points

• KEEL jumped 12.9% mid-day, trading as high as $3.95 and last at $3.9850 versus a prior close of $3.53, on roughly 26.22 million shares traded (about 24% below average).
• Analyst views are mixed: Chardan initiated a Buy with a $4.50 target, Cantor Fitzgerald cut its target to $3.00 but kept an Overweight rating, and Weiss Ratings started a Sell (D-), producing a MarketBeat consensus of Hold and a $3.75 target.
• Key fundamentals: market capitalization ~$2.48 billion, negative P/E (-17.91), high volatility (beta 3.89), debt-to-equity 1.03, and strong liquidity with current and quick ratios around 5.5.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) rose 12.9% during mid-day trading on Wednesday . The company traded as high as $3.95 and last traded at $3.9850. Approximately 26,221,972 shares changed hands during trading, a decline of 24% from the average daily volume of 34,601,145 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

KEEL has been the subject of a number of research analyst reports. Chardan Capital began coverage on shares of Keel Infrastructure in a report on Monday, April 27th. They set a "buy" rating and a $4.50 price objective for the company. Cantor Fitzgerald decreased their price objective on Keel Infrastructure from $5.00 to $3.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Finally, Weiss Ratings began coverage on Keel Infrastructure in a report on Wednesday, April 15th. They issued a "sell (d-)" rating for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Keel Infrastructure currently has a consensus rating of "Hold" and a consensus target price of $3.75.

Keel Infrastructure Stock Up 16.7%

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -17.91 and a beta of 3.89. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.58 and a quick ratio of 5.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.