Keel Infrastructure (NASDAQ:KEEL) Director Acquires $47,000.00 in Stock

Keel Infrastructure (NASDAQ:KEEL) Director Amy Freedman bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average cost of $1.88 per share, with a total value of $47,000.00. Following the completion of the acquisition, the director owned 94,568 shares of the company’s stock, valued at $177,787.84. This represents a 35.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Amy Freedman also recently made the following trade(s):

• On Thursday, November 12th, Amy Freedman purchased 15,000 shares of Keel Infrastructure stock. The stock was acquired at an average price of $1.94 per share, for a total transaction of $29,100.00.

Keel Infrastructure Price Performance

Keel Infrastructure stock traded down $0.10 during mid-day trading on Friday, reaching $1.85. 17,962,551 shares of the company’s stock traded hands, compared to its average volume of 37,033,656. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -4.87 and a beta of 4.10. The stock has a 50 day moving average of $2.94 and a two-hundred day moving average of $3.82. The company has a quick ratio of 12.00, a current ratio of 12.13 and a debt-to-equity ratio of 3.74. Keel Infrastructure has a 12-month low of $1.60 and a 12-month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. The business had revenue of $27.60 million for the quarter. During the same period in the prior year, the business earned ($0.02) EPS. Equities analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

KEEL has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Friday, October 9th. The Goldman Sachs Group assumed coverage on Keel Infrastructure in a research note on Friday, November 6th. They set a “neutral” rating and a $2.00 price objective on the stock. B. Riley Financial decreased their price objective on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, Cantor Fitzgerald lowered their price objective on Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Keel Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $5.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Markowski Investments purchased a new stake in Keel Infrastructure in the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $28,000. NewEdge Advisors LLC purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of Keel Infrastructure by 268.0% during the third quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock valued at $47,000 after buying an additional 9,675 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Keel Infrastructure by 38.5% during the third quarter. HighTower Advisors LLC now owns 38,876 shares of the company’s stock valued at $137,000 after buying an additional 10,806 shares during the last quarter. 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.