Bakkt Holdings Inc. (NYSE:BKKT) has seen 4.44 million shares traded in the last trading session. The company, currently valued at $512.06M, closed the last trade at $1.92 per share which meant it lost -$0.08 on the day or -4.00% during that session. The BKKT stock price is -369.27% off its 52-week high price of $9.01 and 41.15% above the 52-week low of $1.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.88 million shares traded. The 3-month trading volume is 2.40 million shares.
The consensus among analysts is that Bakkt Holdings Inc. (BKKT) is an Overweight stock at the moment, with a recommendation rating of 2.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.12.
Bakkt Holdings Inc. (NYSE:BKKT) trade information
Sporting -4.00% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the BKKT stock price touched $1.92 or saw a rise of 15.04%. Year-to-date, Bakkt Holdings Inc. shares have moved 61.34%, while the 5-day performance has seen it change -6.34%. Over the past 30 days, the shares of Bakkt Holdings Inc. (NYSE:BKKT) have changed 44.36%. Short interest in the company has seen 11.66 million shares shorted with days to cover at 10.48.
Wall Street analysts have a consensus price target for the stock at $2.15, which means that the shares’ value could jump 10.7% from current levels. The projected low price target is $2.00 while the price target rests at a high of $2.25. In that case, then, we find that the current price level is -17.19% off the targeted high while a plunge would see the stock gain -4.17% from current levels.
Bakkt Holdings Inc. (BKKT) estimates and forecasts
The company’s shares have lost -28.62% over the past 6 months, compared to 12.90% for the industry. Revenue growth from the last financial year stood is estimated to be 48.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of $14.1 million for the current quarter. 2 have an estimated revenue figure of $18.02 million for the next quarter concluding in Dec 2022.
Bakkt Holdings Inc. is expected to release its next earnings report on November 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bakkt Holdings Inc. (NYSE:BKKT)’s Major holders
Insiders own 22.93% of the company shares, while shares held by institutions stand at 29.29% with a share float percentage of 38.00%. Investors are also buoyed by the number of investors in a company, with Bakkt Holdings Inc. having a total of 127 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 4.93 million shares worth more than $10.35 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 6.55% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.6 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $7.57 million and represent 4.79% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.23% shares in the company for having 1.68 million shares of worth $3.52 million while later fund manager owns 1.42 million shares of worth $2.99 million as of Jun 29, 2022, which makes it owner of about 1.89% of company’s outstanding stock.