Keel Infrastructure (NASDAQ:KEEL) Trading Up 7.8% - Should You Buy?

Key Points

• KEEL shares rose 7.8% to about $3.51 in mid-day trading, although volume was 66% below the average session level.
• Analyst sentiment is broadly positive, with seven Buy ratings and one Sell rating; the average price target is $6.25, well above the current price.
• The company remains unprofitable, reporting a quarterly loss of $0.11 per share, a negative net margin of 230.59%, and analysts expecting a full-year loss of $0.43 per share. Insiders purchased 128,545 shares over the past three months.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) was up 7.8% during mid-day trading on Tuesday . The company traded as high as $3.50 and last traded at $3.5050. 13,221,650 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 39,327,723 shares. The stock had previously closed at $3.25.

Analysts Set New Price Targets

A number of research firms recently weighed in on KEEL. Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. Citizens Jmp assumed coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price target on the stock. Chardan Capital restated a "buy" rating and issued a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, June 8th. Finally, Lake Street Capital set a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.25.

Keel Infrastructure Trading Up 7.2%

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 firm's fifty day simple moving average is $4.50. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -11.62 and a beta of 4.14.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released 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 firm had revenue of $30.43 million for the quarter. During the same period last year, the firm posted ($0.05) earnings per share. As a group, research analysts expect that Keel Infrastructure will post -0.43 EPS for the current year.

Insider Activity at Keel Infrastructure

In other news, CEO Benjamin Gagnon acquired 38,888 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the completion of the acquisition, the chief executive officer 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief operating officer 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 disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 128,545 shares of company stock valued at $425,593. 9.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Keel Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure in the 2nd quarter valued at approximately $9,989,000. Compass Financial Management LLC acquired a new position in shares of Keel Infrastructure during the second quarter worth approximately $348,000. Public Employees Retirement System of Ohio acquired a new stake in Keel Infrastructure in the second quarter worth about $817,000. Van ECK Associates Corp bought a new stake in shares of Keel Infrastructure during the 2nd quarter valued at $1,217,000. Finally, Susquehanna Advisors Group Inc. bought a new position in Keel Infrastructure during the second quarter worth about $1,333,000. 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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