Keel Infrastructure (NASDAQ:KEEL) Trading Down 7.5% – What’s Next?

Keel Infrastructure (NASDAQ:KEEL) shares fell 7.5% on Friday . The company traded as low as $4.45 and last traded at $4.45. 3,999,471 shares traded hands during trading, a decline of 90% from the average session volume of 39,386,609 shares. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KEEL shares. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday. They set a “buy” rating and a $8.00 price target on the stock. Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, June 8th. Citizens Jmp started coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, Cantor Fitzgerald lowered their target price on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. 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 MarketBeat, Keel Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Performance

The firm’s 50 day simple moving average is $5.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43. The stock has a market capitalization of $2.63 billion, a P/E ratio of -30.43 and a beta of 4.11.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%.The firm had revenue of $36.99 million for the quarter. On average, analysts expect that Keel Infrastructure will post -0.27 earnings per share for the current fiscal year.

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.