Key Points
- Director Amy Freedman bought 25,000 shares at an average $1.88 for $47,000, increasing her holdings by 35.94% to 94,568 shares. She also bought another 15,000 shares at $1.94 on November 12.
- Keel Infrastructure shares fell 4.6% to $1.86 on Friday, near the stock’s one-year low of $1.60; the share price was below both its 50-day and 200-day moving averages.
- The company reported a quarterly loss of $0.10 per share, missing analysts’ $0.07 loss estimate, on revenue of $27.6 million. Analysts’ consensus rating was “Moderate Buy,” with a $5.41 average price target.
Keel Infrastructure (NASDAQ:KEEL - Get Free Report) Director Amy Freedman acquired 15,000 shares of the firm's stock in a transaction on Thursday, November 12th. The stock was purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the purchase, the director owned 109,568 shares of the company's stock, valued at $212,561.92. The trade was a 15.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Amy Freedman also recently made the following trade(s):
- On Tuesday, November 10th, Amy Freedman bought 25,000 shares of Keel Infrastructure stock. The shares were acquired at an average price of $1.88 per share, with a total value of $47,000.00.
Keel Infrastructure Trading Down 4.6%
Shares of NASDAQ:KEEL traded down $0.09 during trading hours on Friday, hitting $1.86. 18,527,176 shares of the company's stock traded hands, compared to its average volume of 28,723,802. The firm has a market capitalization of $1.15 billion, a P/E ratio of -4.89 and a beta of 4.10. The business has a fifty day moving average price of $2.91 and a 200-day moving average price of $3.80. Keel Infrastructure has a 1 year low of $1.60 and a 1 year high of $7.37. The company has a debt-to-equity ratio of 3.74, a current ratio of 12.13 and a quick ratio of 12.00.
Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. The business had revenue of $27.60 million during the quarter. During the same quarter last year, the firm posted ($0.02) EPS. Equities analysts expect that Keel Infrastructure will post -0.43 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a report on Friday, October 9th. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Keel Infrastructure in a report on Friday, November 6th. They set a "neutral" rating and a $2.00 price objective on the stock. HC Wainwright reduced their price objective on Keel Infrastructure from $4.00 to $3.25 and set a "buy" rating on the stock in a report on Thursday, November 5th. Finally, B. Riley Financial decreased their target price on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.41.
Get Our Latest Research Report on Keel Infrastructure
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Situational Awareness LP bought a new stake in shares of Keel Infrastructure in the 2nd quarter valued at about $151,831,000. State Street Corp bought a new position in shares of Keel Infrastructure during the second quarter valued at approximately $78,100,000. Bank of New York Mellon Corp purchased a new position in Keel Infrastructure during the second quarter valued at approximately $9,989,000. Banco Santander S.A. increased its holdings in Keel Infrastructure by 2,449.6% during the third quarter. Banco Santander S.A. now owns 1,092,865 shares of the company's stock valued at $3,858,000 after buying an additional 1,050,000 shares during the period. Finally, Tidal Investments LLC purchased a new position in Keel Infrastructure during the second quarter valued at approximately $3,213,000. Hedge funds and other institutional investors own 20.59% of the company's stock.
About Keel Infrastructure
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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.
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