During the last session, Bakkt Holdings Inc (NYSE:BKKT)’s traded shares were 2.69 million, with the beta value of the company hitting 4.03. At the end of the trading day, the stock’s price was $0.60, reflecting an intraday gain of 2.80% or $0.02. The 52-week high for the BKKT share is $2.75, that puts it down -358.33 from that peak though still a striking 6.67% gain since the share price plummeted to a 52-week low of $0.56. The company’s market capitalization is $80.11M, and the average intraday trading volume over the past 10 days was 11.33 million shares, and the average trade volume was 5.94 million shares over the past three months.
Bakkt Holdings Inc (NYSE:BKKT) trade information
Bakkt Holdings Inc (BKKT) registered a 2.80% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.80% in intraday trading to $0.60, hitting a weekly high. The stock’s 5-day price performance is -8.21%, and it has moved by -41.39% in 30 days. Based on these gigs, the overall price performance for the year is -53.66%. The short interest in Bakkt Holdings Inc (NYSE:BKKT) is 20.53 million shares and it means that shorts have 3.47 day(s) to cover.
Bakkt Holdings Inc (BKKT) estimates and forecasts
Statistics show that Bakkt Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Bakkt Holdings Inc (BKKT) shares have gone down -52.56% during the last six months, with a year-to-date growth rate more than the industry average at 91.99% against 19.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 89.50% this quarter and then jump 52.90% in the quarter after that. In the rating firms’ projections, revenue will increase 5.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $15.25 million as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $17.1 million by the end of Mar 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $15.6 million and $13 million respectively. In this case, analysts expect current quarter sales to shrink by -2.20% and then jump by 31.50% in the coming quarter.
While earnings are projected to return 88.92% in 2024.
BKKT Dividends
Bakkt Holdings Inc is due to release its next quarterly earnings on March 20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
Bakkt Holdings Inc insiders own 9.59% of total outstanding shares while institutional holders control 21.51%, with the float percentage being 23.79%. Blackrock Inc. is the largest shareholder of the company, while 142 institutions own stock in it. As of Jun 29, 2023, the company held over 4.62 million shares (or 5.06% of all shares), a total value of $5.68 million in shares.
The next largest institutional holding, with 3.17 million shares, is of Vanguard Group Inc’s that is approximately 3.47% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $3.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bakkt Holdings Inc (BKKT) shares are Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF owns about 2.33 million shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $2.87 million market value. The same data shows that the other fund manager holds slightly less at 1.81 million, or about 1.98% of the stock, which is worth about $2.22 million.
