During the recent session, Bakkt Holdings Inc (NYSE:BKKT)’s traded shares were 0.44 million, with the beta value of the company hitting 5.21. At the last check today, the stock’s price was $30.49, reflecting an intraday loss of -1.96% or -$0.61. The 52-week high for the BKKT share is $68.75, that puts it down -125.48 from that peak though still a striking 81.73% gain since the share price plummeted to a 52-week low of $5.57. The company’s market capitalization is $416.84M, and the average intraday trading volume over the past 10 days was 3.52 million shares, and the average trade volume was 621.02K shares over the past three months.
Bakkt Holdings Inc (BKKT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. BKKT has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.25.
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Bakkt Holdings Inc (NYSE:BKKT) trade information
Bakkt Holdings Inc (BKKT) registered a -1.96% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.96% in intraday trading to $30.49, hitting a weekly high. The stock’s 5-day price performance is 169.35%, and it has moved by 176.43% in 30 days. Based on these gigs, the overall price performance for the year is -21.82%. The short interest in Bakkt Holdings Inc (NYSE:BKKT) is 0.8 million shares and it means that shorts have 8.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -1424.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, BKKT is trading at a premium of 93.44% off the target high and 93.44% off the low.
Bakkt Holdings Inc (BKKT) estimates and forecasts
In the rating firms’ projections, revenue will increase 24.67% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 21.61M as predicted by 1 analyst(s).
BKKT Dividends
Bakkt Holdings Inc is due to release its next quarterly earnings in December. 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 24.42% of total outstanding shares while institutional holders control 23.64%, with the float percentage being 31.27%. CWM, LLC is the largest shareholder of the company, while 69.0 institutions own stock in it. As of 2024-06-30, the company held over 262.0 shares (or 0.006% of all shares), a total value of $5000.0 in shares.
The next largest institutional holding, with 33.0 shares, is of IFP ADVISORS, INC’s that is approximately 0.0008% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $329.0.
Also, the Mutual Funds coming in first place with the largest holdings of Bakkt Holdings Inc (BKKT) shares are Global X Fds-Global X Blockchain ETF and Vanguard Extended Market Index Fund. Data provided on Sep 30, 2024 indicates that Global X Fds-Global X Blockchain ETF owns about 146.43 shares. This amounts to just over 2.26 percent of the company’s overall shares, with a $4.37 million market value. The same data shows that the other fund manager holds slightly less at 127.2, or about 1.96% of the stock, which is worth about $3.8 million.
