Bakkt Holdings Inc (NYSE:BKKT) has a beta value of 4.04 and has seen 9.86 million shares traded in the last trading session. The company, currently valued at $78.18M, closed the last trade at $0.58 per share which meant it gained $0.05 on the day or 9.07% during that session. The BKKT stock price is -374.14% off its 52-week high price of $2.75 and 13.79% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.5 million shares traded. The 3-month trading volume is 5.99 million shares.
Bakkt Holdings Inc (NYSE:BKKT) trade information
Sporting 9.07% in the green in last session, the stock has traded in the red over the last five days, when the BKKT stock price touched $0.58 or saw a rise of 6.35%. Year-to-date, Bakkt Holdings Inc shares have moved -73.84%, while the 5-day performance has seen it change -2.11%. Over the past 30 days, the shares of Bakkt Holdings Inc (NYSE:BKKT) have changed -43.36%. Short interest in the company has seen 20.53 million shares shorted with days to cover at 3.47.
Bakkt Holdings Inc (BKKT) estimates and forecasts
Figures show that Bakkt Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -53.70% over the past 6 months, with this year growth rate of 91.99%, compared to 19.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 89.50% and 52.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.50%.
3 analysts offering their estimates for the company have set an average revenue estimate of $15.25 million for the current quarter. 2 have an estimated revenue figure of $17.1 million for the next quarter concluding in Mar 2024. Year-ago sales stood $15.6 million and $13 million respectively for this quarter and the next, and analysts expect sales will shrink by -2.20% for the current quarter and 31.50% for the next.
BKKT Dividends
Bakkt Holdings Inc is expected to release its next earnings report on March 20 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 9.59% of the company shares, while shares held by institutions stand at 21.51% with a share float percentage of 23.79%. Investors are also buoyed by the number of investors in a company, with Bakkt Holdings Inc having a total of 142 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 4.62 million shares worth more than $5.68 million. As of Jun 29, 2023, Blackrock Inc. held 5.06% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 3.17 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.9 million and represent 3.47% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.55% shares in the company for having 2.33 million shares of worth $2.87 million while later fund manager owns 1.81 million shares of worth $2.22 million as of Jun 29, 2023, which makes it owner of about 1.98% of company’s outstanding stock.
