Bakkt Holdings Inc (NYSE: BKKT) is -65.64% lower on its value in year-to-date trading and has touched a low of $5.57 and a high of $37.21 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 $8.13 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $8.51, the stock is -9.37% and -26.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 4.67% at the moment leaves the stock -47.60% off its SMA200. BKKT registered -17.64% loss for a year compared to 6-month loss of -22.71%. The firm has a 50-day simple moving average (SMA 50) of $11.6114 and a 200-day simple moving average (SMA200) of $16.23955.
The stock witnessed a -8.59% gain in the last 1 month and extending the period to 3 months gives it a -67.41%, and is -0.70% 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 8.07% over the week and 15.12% over the month.
Bakkt Holdings Inc (BKKT) has around 559 employees, a market worth around $116.68M and $3.49B in sales. Profit margin for the company is -1.34%. Distance from 52-week low is 52.70% and -77.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.78%).
64.0 institutions hold shares in Bakkt Holdings Inc (BKKT), with institutional investors hold 29.08% of the company’s shares. The shares outstanding are 6.51M, and float is at 5.81M with Short Float at 22.62%. Institutions hold 21.52% of the Float.
The top institutional shareholder in the company is HORIZON KINETICS ASSET MANAGEMENT LLC with over 0.45 million shares valued at $8.5 million. The investor’s holdings represent 7.2908 of the BKKT Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.33 million shares valued at $6.2 million to account for 5.3167 of the shares outstanding. The other top investors are BELVEDERE TRADING LLC which holds 0.21 million shares representing 3.4585 and valued at over $0.16 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.366 of the shares totaling 0.15 million with a market value of $2.76 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 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.
