In the last trading session, 15.87 million shares of the Bakkt Holdings Inc (NYSE:BKKT) were traded, and its beta was 4.99. Most recently the company’s share price was $29.50, and it changed around -$0.21 or -0.71% from the last close, which brings the market valuation of the company to $403.31M. BKKT currently trades at a discount to its 52-week high of $68.75, offering almost -133.05% off that amount. The share price’s 52-week low was $5.57, which indicates that the current value has risen by an impressive 81.12% since then. We note from Bakkt Holdings Inc’s average daily trading volume that its 10-day average is 1.23 million shares, with the 3-month average coming to 266.69K.
Bakkt Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended BKKT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Bakkt Holdings Inc is expected to report earnings per share of -1.25 for the current quarter.
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Bakkt Holdings Inc (NYSE:BKKT) trade information
Instantly BKKT has showed a red trend with a performance of -0.71% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 37.21 on recent trading dayincreased the stock’s daily price by 20.72%. The company’s shares are currently down -47.09% year-to-date, but still up 139.45% over the last five days. On the other hand, Bakkt Holdings Inc (NYSE:BKKT) is 157.19% up in the 30-day period. We can see from the shorts that 0.8 million shares have been sold at a short interest cover period of 8.61 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -1375.0% from its current value. Analyst projections state that BKKT is forecast to be at a low of $2 and a high of $2.
Bakkt Holdings Inc (BKKT) estimates and forecasts
The year-over-year growth rate is expected to be 15.69%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 21.61M in revenue for the current quarter. 1 analysts expect Bakkt Holdings Inc to make 72.31M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17M and 58M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.12%. Forecasts for the next quarter put sales growth at 24.67%.
BKKT Dividends
Bakkt Holdings Inc’s next quarterly earnings report is expected to be released in December.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.42% of Bakkt Holdings Inc shares, and 23.88% of them are in the hands of institutional investors. The stock currently has a share float of 31.60%. Bakkt Holdings Inc stock is held by 70.0 institutions, with CWM, LLC being the largest institutional investor. By 2024-06-30, it held 0.006% of the shares, which is about 262.0 shares worth $5000.0.
IFP ADVISORS, INC, with 0.0008% or 33.0 shares worth $329.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
