Keel Infrastructure (NASDAQ:KEEL) Shares Down 4.6% - What's Next?

Key Points

• Keel Infrastructure shares fell 4.6% to $3.35, with trading volume significantly below its average. The stock has a market capitalization of about $1.97 billion and a highly volatile beta of 4.14.
• Analyst sentiment remains broadly positive despite the decline: seven analysts rate the stock Buy and one rates it Sell, producing a consensus “Moderate Buy” rating 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 230.59%. Insiders have recently bought shares, including purchases by the CEO and COO totaling more than $229,000.

Shares of Keel Infrastructure (NASDAQ:KEEL - Get Free Report) fell 4.6% during trading on Friday . The company traded as low as $3.32 and last traded at $3.35. Approximately 5,645,320 shares traded hands during trading, a decline of 86% from the average daily volume of 39,167,086 shares. The stock had previously closed at $3.51.

Analyst Upgrades and Downgrades

KEEL has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a report on Monday, July 13th. Chardan Capital reaffirmed a "buy" rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They set a "buy" rating and a $8.00 target price on the stock. Citizens Jmp started coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 target price on the stock. Finally, HC Wainwright boosted their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a "buy" rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Keel Infrastructure has a consensus rating of "Moderate Buy" and an average price target of $6.25.

Keel Infrastructure Stock Down 9.1%

The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -10.63 and a beta of 4.14. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10. The business has a 50-day moving average price of $4.35.

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 (EPS) for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.The business had revenue of $30.43 million during the quarter. During the same period in the previous year, the business earned ($0.05) earnings per share. Equities analysts predict that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Keel Infrastructure news, COO Liam Daniel Wilson acquired 30,769 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer directly owned 100,978 shares of the company's stock, valued at approximately $328,178.50. This represents a 43.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Benjamin Gagnon purchased 38,888 shares of the business's stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $3.33 per share, for a total transaction of $129,497.04. Following the purchase, the chief executive officer owned 1,386,624 shares in the company, valued at $4,617,457.92. This trade represents a 2.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 128,545 shares of company stock valued at $425,593. 9.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Keel Infrastructure

Several large investors have recently modified their holdings of the business. Amundi bought a new stake in Keel Infrastructure in the 2nd quarter valued at approximately $214,000. Concurrent Investment Advisors LLC acquired a new position in Keel Infrastructure during the second quarter worth approximately $272,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $28,000. Public Employees Retirement System of Ohio bought a new position in shares of Keel Infrastructure during the 2nd quarter worth approximately $817,000. Finally, Compass Financial Management LLC acquired a new position in Keel Infrastructure in the 2nd quarter valued at about $348,000. 20.59% of the stock is currently owned by institutional investors.

Keel Infrastructure Company Profile

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