Keel Infrastructure (NASDAQ:KEEL) Releases Quarterly Earnings Results

Keel Infrastructure (NASDAQ:KEEL) posted its quarterly earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, FiscalAI reports. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%.The company had revenue of $30.43 million during the quarter.

Keel Infrastructure Stock Performance

KEEL opened at $3.88 on Monday. The stock’s fifty day simple moving average is $5.01. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. Keel Infrastructure has a 52 week low of $1.17 and a 52 week high of $7.37. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -27.71 and a beta of 4.14.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KEEL. HC Wainwright raised their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, May 11th. Chardan Capital reiterated a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, June 8th. Finally, BTIG Research initiated 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Institutional Trading of Keel Infrastructure

A hedge fund recently bought a new position in Keel Infrastructure stock. Bank of New York Mellon Corp acquired a new stake in shares of Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,740,330 shares of the company’s stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned approximately 0.28% of Keel Infrastructure at the end of the most recent reporting period. 20.59% of the stock is currently owned by hedge funds and other institutional investors.

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.