Keel Infrastructure (NASDAQ:KEEL) Stock Jumps 6.2% - Still a Buy?

Key Points

• Keel Infrastructure shares rose 6.2% to $2.315, although trading volume was 93% below the average session volume.
• Analyst sentiment is broadly positive, with seven Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $6.42; however, Cantor Fitzgerald recently lowered its target to $4.00.
• The company continues to report significant losses, including a quarterly loss of $0.11 per share, a negative net margin of 230.59%, and a projected full-year loss of $0.42 per share. Insiders bought 128,545 shares worth about $425,593 over the past three months.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report)'s share price was up 6.2% during trading on Tuesday. The company traded as high as $2.34 and last traded at $2.3150. Approximately 2,701,549 shares traded hands during trading, a decline of 93% from the average session volume of 37,309,941 shares. The stock had previously closed at $2.18.

Wall Street Analyst Weigh In

Several research firms have recently commented on KEEL. Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a report on Friday, October 9th. BTIG Research assumed coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective for the company. Citigroup restated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Finally, Cantor Fitzgerald reduced their target price on shares of Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating on the stock in a research note on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $6.42.

Keel Infrastructure Stock Up 3.4%

The business's 50-day simple moving average is $3.29. The firm has a market cap of $1.39 billion, a P/E ratio of -7.52 and a beta of 4.00. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The company had revenue of $30.43 million during the quarter. During the same quarter in the prior year, the business posted ($0.05) EPS. As a group, research analysts anticipate that Keel Infrastructure will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Markowski Investments purchased a new stake in Keel Infrastructure during the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $28,000. NewEdge Advisors LLC purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in shares of Keel Infrastructure by 268.0% during the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company's stock worth $47,000 after buying an additional 9,675 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of Keel Infrastructure by 22.0% during the third quarter. Apollon Wealth Management LLC now owns 60,276 shares of the company's stock worth $213,000 after buying an additional 10,882 shares in the last quarter. Hedge funds and other institutional investors own 20.59% of the company's stock.

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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