Bakkt Holdings Inc (NYSE: BKKT) is -81.47% 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 $0.44 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.41, the stock is -16.60% and -42.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.49 million and changing -6.11% at the moment leaves the stock -66.91% off its SMA200. BKKT registered -72.99% loss for a year compared to 6-month loss of -61.73%.
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The stock witnessed a -29.16% gain in the last 1 month and extending the period to 3 months gives it a -71.69%, and is -20.52% down 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 12.85% over the week and 12.43% over the month.
Bakkt Holdings Inc (BKKT) has around 747 employees, a market worth around $58.61M and $779.90M in sales. Profit margin for the company is -9.60%. Distance from 52-week low is 1.35% and -84.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-104.24%).
The EPS is expected to grow by 35.23% this year.
Bakkt Holdings Inc (BKKT) Top Institutional Holders
The shares outstanding are 141.80M, and float is at 123.46M with Short Float at 14.78%.
Bakkt Holdings Inc (BKKT) Insider Activity
The most recent transaction is an insider purchase by Intercontinental Exchange, Inc,the company’s10% 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).
