Keel Infrastructure (NASDAQ:KEEL) Shares Down 5% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL) shares dropped 5% on Tuesday. The stock traded as low as $2.77 and last traded at $2.8030. Approximately 6,372,882 shares changed hands during trading, a decline of 83% from the average daily volume of 37,766,762 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

A number of research firms have recently commented on KEEL. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. BTIG Research began coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Keel Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Stock Performance

The firm’s 50 day moving average price is $3.46. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $30.43 million during 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 business earned ($0.05) earnings per share. Sell-side analysts predict that Keel Infrastructure will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Keel Infrastructure news, COO Liam Wilson acquired 30,769 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $3.25 per share, with a total value of $99,999.25. Following the acquisition, the chief operating officer directly owned 100,978 shares of the company’s stock, valued at approximately $328,178.50. This trade represents a 43.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benjamin Gagnon acquired 58,888 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $3.33 per share, with a total value of $196,097.04. Following the completion of the acquisition, the chief executive officer directly owned 1,347,736 shares of the company’s stock, valued at $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 128,545 shares of company stock worth $425,593 over the last three months. 9.50% of the stock is owned by insiders.

Institutional Trading of Keel Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Situational Awareness LP purchased a new position in shares of Keel Infrastructure during the 2nd quarter worth $151,831,000. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure during the second quarter worth $9,989,000. State Street Corp acquired a new stake in shares of Keel Infrastructure during the second quarter worth about $78,100,000. Tidal Investments LLC purchased a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $3,213,000. Finally, Round Rock Advisors LLC acquired a new stake in Keel Infrastructure in the second quarter valued at $1,425,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

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.