Bakkt Holdings Inc (NYSE: BKKT) is -47.43% lower on its value in year-to-date trading and has touched a low of $5.57 and a high of $68.75 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 $31.10 in the last trading session, with the day’s loss setting it -1.79%.
Currently trading at $29.31, the stock is 87.46% and 134.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -5.76% at the moment leaves the stock 101.08% off its SMA200. BKKT registered -24.85% loss for a year compared to 6-month loss of 68.55%. The firm has a 50-day simple moving average (SMA 50) of $12.4912 and a 200-day simple moving average (SMA200) of $14.5763.
The stock witnessed a 165.73% gain in the last 1 month and extending the period to 3 months gives it a 96.58%, and is 158.92% 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 50.10% over the week and 20.24% over the month.
Bakkt Holdings Inc (BKKT) has around 747 employees, a market worth around $377.65M and $1.91B in sales. Profit margin for the company is -2.84%. Distance from 52-week low is 425.91% and -57.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.50%).
with sales reaching $21.61M over the same period., but quarterly earnings will post 24.67% year-over-year. Quarterly sales are estimated to grow 27.12% in year-over-year returns.
Bakkt Holdings Inc (BKKT) Top Institutional Holders
69.0 institutions hold shares in Bakkt Holdings Inc (BKKT), with institutional investors hold 31.27% of the company’s shares. The shares outstanding are 6.48M, and float is at 5.92M with Short Float at 13.55%. Institutions hold 23.64% of the Float.
The top institutional shareholder in the company is CWM, LLC with over 262.0 shares valued at $5000.0. The investor’s holdings represent 0.006% of the BKKT Shares outstanding. As of 2024-06-30, the second largest holder is IFP ADVISORS, INC with 33.0 shares valued at $329.0 to account for 0.0008 of the shares outstanding.
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 350,880 shares of the company’s common stock on Apr 25 ’24 at a price of $0.87 per share for a total of $0.3 million. Following the purchase, the insider now owns 0.65 million shares.
Bakkt Holdings Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Intercontinental Exchange, Inc (10% Owner) bought a total of 2,762,009 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $0.87 per share for $2.39 million. Following the transaction, the insider now directly holds 7.48 million shares of the BKKT stock.
Still, SEC filings show that on Feb 23 ’24, D’Annunzio Marc (General Counsel & Secretary) disposed off 50,247 shares at an average price of $0.88 for $44047.0. The insider now directly holds 566,630 shares of Bakkt Holdings Inc (BKKT).
