Keel Infrastructure (NASDAQ:KEEL) Trading 5.3% Higher - Time to Buy?

Key Points

• Keel Infrastructure shares rose 5.3% to approximately $3.46, although trading volume was 83% below the average session volume.
• Analyst sentiment is generally positive: seven analysts rate the stock a Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $6.25 versus the current price.
• The company remains unprofitable, reporting a quarterly loss of $0.11 per share and a negative net margin of 230.59%, but insiders purchased 128,545 shares worth about $425,593 over the past quarter.

Shares of Keel Infrastructure (NASDAQ:KEEL - Get Free Report) were up 5.3% on Wednesday . The stock traded as high as $3.43 and last traded at $3.4550. Approximately 6,420,053 shares traded hands during trading, a decline of 83% from the average session volume of 38,699,500 shares. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

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

Keel Infrastructure Stock Up 4.7%

The firm has a market cap of $2.12 billion, a PE ratio of -11.48 and a beta of 4.06. The business's 50 day simple moving average is $3.77. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The business had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, equities analysts predict that Keel Infrastructure will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, CEO Benjamin Gagnon bought 38,888 shares of the company's stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $3.33 per share, with a total value of $129,497.04. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Liam Wilson bought 30,769 shares of the business's stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the purchase, the chief operating officer directly owned 100,978 shares of the company's stock, 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. Insiders have bought a total of 128,545 shares of company stock worth $425,593 over the last quarter. Insiders own 9.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KEEL. Situational Awareness LP acquired a new stake in shares of Keel Infrastructure in the second quarter valued at approximately $151,831,000. Bank of New York Mellon Corp bought a new position in Keel Infrastructure in the 2nd quarter worth approximately $9,989,000. Tidal Investments LLC acquired a new stake in Keel Infrastructure in the 2nd quarter valued at approximately $3,213,000. FirstWave Capital Management LLC bought a new stake in Keel Infrastructure during the 2nd quarter valued at $1,478,000. Finally, Round Rock Advisors LLC acquired a new position in Keel Infrastructure during the 2nd quarter worth $1,425,000. 20.59% of the stock is owned by institutional investors and hedge funds.

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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