BTIG Research Begins Coverage on Keel Infrastructure (NASDAQ:KEEL)

Analysts at BTIG Research started coverage on shares of Keel Infrastructure (NASDAQ:KEEL) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $8.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 66.32% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. HC Wainwright upped their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Cantor Fitzgerald cut their price target on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Price Performance

Shares of NASDAQ KEEL opened at $4.81 on Wednesday. The firm has a market cap of $2.97 billion, a PE ratio of -34.36 and a beta of 4.11. 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 firm has a fifty day moving average of $5.21. Keel Infrastructure has a fifty-two week low of $1.14 and a fifty-two week high of $7.37.

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