Bakkt Holdings Inc (NYSE: BKKT) is 16.51% higher on its value in year-to-date trading and has touched a low of $5.57 and a high of $39.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BKKT stock was last observed hovering at around $26.11 in the last trading session, with the day’s gains setting it 2.75%.
Currently trading at $28.86, the stock is 8.91% and 19.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 10.53% at the moment leaves the stock 78.06% off its SMA200. BKKT registered -18.13% loss for a year compared to 6-month gain of 51.18%. The firm has a 50-day simple moving average (SMA 50) of $24.1254 and a 200-day simple moving average (SMA200) of $16.208075.
The stock witnessed a -11.04% loss in the last 1 month and extending the period to 3 months gives it a 146.04%, and is 15.53% 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 9.52% over the week and 9.56% over the month.
Bakkt Holdings Inc (BKKT) has around 747 employees, a market worth around $394.55M and $1.91B in sales. Profit margin for the company is -2.84%. Distance from 52-week low is 417.84% and -27.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.50%).
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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 6.47M, and float is at 5.85M with Short Float at 16.88%. 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).
