Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 4.9% - What's Next?

Key Points

• Keel Infrastructure shares fell 4.9% to $3.44 in mid-day trading, with volume sharply below its average. The company has a $2.12 billion market capitalization and a high beta of 4.00.
• Analyst sentiment remains broadly positive, with seven Buy ratings and one Sell rating, producing a consensus “Moderate Buy” rating and a $6.25 price target—well above the current price.
• 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%. Meanwhile, insiders bought 128,545 shares worth approximately $425,593 over the past three months, and institutional investors recently established several large positions.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) fell 4.9% during mid-day trading on Monday. The stock traded as low as $3.39 and last traded at $3.4410. 4,102,309 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 38,125,164 shares. The stock had previously closed at $3.62.

Analysts Set New Price Targets

KEEL has been the topic of a number of analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They set a "buy" rating and a $8.00 price objective on the stock. Chardan Capital reissued a "buy" rating and set a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Finally, Citizens Jmp initiated coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They issued an "outperform" rating and a $10.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Keel Infrastructure currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.25.

Keel Infrastructure Stock Down 5.4%

The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -11.42 and a beta of 4.00. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The business has a 50-day moving average price of $3.58.

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

Insider Buying and Selling

In related news, CEO Benjamin Gagnon acquired 58,888 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the transaction, the chief executive officer owned 1,347,736 shares in the company, valued at $4,487,960.88. This represents a 4.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Liam Wilson acquired 30,769 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, with a total value of $99,999.25. Following the completion of the acquisition, the chief operating officer directly owned 100,978 shares in the company, valued at $328,178.50. The trade was a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 128,545 shares of company stock valued at $425,593. Corporate insiders own 9.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Situational Awareness LP purchased a new stake in Keel Infrastructure during the second quarter valued at about $151,831,000. State Street Corp purchased a new position in shares of Keel Infrastructure in the 2nd quarter worth about $78,100,000. Bank of New York Mellon Corp purchased a new position in shares of Keel Infrastructure in the 2nd quarter worth about $9,989,000. Tidal Investments LLC bought a new position in shares of Keel Infrastructure during the 2nd quarter valued at about $3,213,000. Finally, FirstWave Capital Management LLC bought a new position in shares of Keel Infrastructure during the 2nd quarter valued at about $1,478,000. 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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