Bakkt Holdings Inc (NYSE: BKKT) is -75.35% lower on its value in year-to-date trading and has touched a low of $0.41 and a high of $2.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BKKT stock was last observed hovering at around $0.52 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.55, the stock is 7.95% and -30.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing 5.71% at the moment leaves the stock -56.48% off its SMA200. BKKT registered -68.04% loss for a year compared to 6-month loss of -51.78%. The firm has a 50-day simple moving average (SMA 50) of $0.17 and a 200-day simple moving average (SMA200) of -$1.17.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.90% gain in the last 1 month and extending the period to 3 months gives it a -70.29%, and is 18.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.13% over the week and 11.88% over the month.
Bakkt Holdings Inc (BKKT) has around 747 employees, a market worth around $77.95M and $779.90M in sales. Profit margin for the company is -9.60%. Distance from 52-week low is 34.80% and -80.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-104.24%).
Bakkt Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $17.9M over the same period.The EPS is expected to grow by 35.23% this year, but quarterly earnings will post -89.70% year-over-year. Quarterly sales are estimated to grow 37.70% in year-over-year returns.
142 institutions hold shares in Bakkt Holdings Inc (BKKT), with institutional investors hold 29.46% of the company’s shares. The shares outstanding are 141.80M, and float is at 114.43M with Short Float at 15.95%. Institutions hold 23.77% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 4.62 million shares valued at $5.68 million. The investor’s holdings represent 5.06% of the BKKT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.17 million shares valued at $3.9 million to account for 3.47% of the shares outstanding. The other top investors are Exchange Traded Concepts LLC which holds 2.27 million shares representing 2.48% and valued at over $2.65 million, while Geode Capital Management, LLC holds 2.10% of the shares totaling 1.92 million with a market value of $2.36 million.
Bakkt Holdings Inc (BKKT) Insider Activity
The most recent transaction is an insider purchase by Intercontinental Exchange, Inc, the company’s 10% Owner. SEC filings show that Intercontinental Exchange, Inc bought 2,762,009 shares of the company’s common stock on Mar 04 ’24 at a price of $0.87 per share for a total of $2.39 million. Following the purchase, the insider now owns 7.48 million shares.
Bakkt Holdings Inc disclosed in a document filed with the SEC on Feb 23 ’24 that D’Annunzio Marc (General Counsel & Secretary) sold a total of 50,247 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $0.88 per share for $44047.0. Following the transaction, the insider now directly holds 0.57 million shares of the BKKT stock.
Still, SEC filings show that on Feb 08 ’24, D’Annunzio Marc (General Counsel & Secretary) disposed off 19,329 shares at an average price of $0.98 for $18927.0. The insider now directly holds 638,157 shares of Bakkt Holdings Inc (BKKT).
