In last trading session, Bakkt Holdings Inc (NYSE:BKKT) saw 4.54 million shares changing hands with its beta currently measuring 4.03. Company’s recent per share price level of $0.54 trading at $0.02 or 4.40% at ring of the bell on the day assigns it a market valuation of $72.75M. That closing price of BKKT’s stock is at a discount of -409.26% from its 52-week high price of $2.75 and is indicating a premium of 9.26% from its 52-week low price of $0.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.58 million shares which gives us an average trading volume of 6.10 million if we extend that period to 3-months.
Bakkt Holdings Inc (NYSE:BKKT) trade information
Upright in the green during last session for gaining 4.40%, in the last five days BKKT remained trading in the red while hitting it’s week-highest on Friday, 03/15/24 when the stock touched $0.54 price level, adding 9.53% to its value on the day. Bakkt Holdings Inc’s shares saw a change of -75.65% in year-to-date performance and have moved -9.18% in past 5-day. Bakkt Holdings Inc (NYSE:BKKT) showed a performance of -41.71% in past 30-days. Number of shares sold short was 20.53 million shares which calculate 3.47 days to cover the short interests.
Bakkt Holdings Inc (BKKT) estimates and forecasts
Statistics highlight that Bakkt Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -54.76% of value to its shares in past 6 months, showing an annual growth rate of 91.99% while that of industry is 19.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 89.50% in the current quarter and calculating 52.90% increase in the next quarter. This year revenue growth is estimated to rise 5.50% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $15.25 million for the same. And 2 analysts are in estimates of company making revenue of $17.1 million in the next quarter that will end on Mar 2024. Company posted $15.6 million and $13 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.20% while estimating it to be 31.50% for the next quarter.
BKKT Dividends
Bakkt Holdings Inc is more likely to be releasing its next quarterly report on March 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
Insiders are in possession of 9.59% of company’s total shares while institution are holding 21.51 percent of that, with stock having share float percentage of 23.79%. Investors also watch the number of corporate investors in a company very closely, which is 21.51% institutions for Bakkt Holdings Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at BKKT for having 4.62 million shares of worth $5.68 million. And as of Jun 29, 2023, it was holding 5.06% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 3.17 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.47% of outstanding shares, having a total worth of $3.9 million.
On the other hand, Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.33 million shares of worth $2.87 million or 2.55% of the total outstanding shares. The later fund manager was in possession of 1.81 million shares on Jun 29, 2023, making its stake of worth around $2.22 million in the company or a holder of 1.98% of company’s stock.
