Keel Infrastructure (NASDAQ:KEEL) Reaches New 52-Week High – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.95 and last traded at $7.0930, with a volume of 3919083 shares changing hands. The stock had previously closed at $6.29.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. HC Wainwright upped their target price on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Chardan Capital reiterated a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a report on Monday, May 11th. Alliance Global Partners reissued a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Weiss Ratings started coverage on shares of Keel Infrastructure in a report on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.88.

Keel Infrastructure Stock Performance

The company has a 50-day moving average price of $4.36. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -51.11 and a beta of 4.11. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37.

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.