In last trading session, Bakkt Holdings Inc (NYSE:BKKT) saw 0.62 million shares changing hands with its beta currently measuring 5.18. Company’s recent per share price level of $27.68 trading at $1.15 or 4.33% at ring of the bell on the day assigns it a market valuation of $378.42M. That closing price of BKKT’s stock is at a discount of -148.37% from its 52-week high price of $68.75 and is indicating a premium of 79.88% from its 52-week low price of $5.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.76 million shares which gives us an average trading volume of 679.07K if we extend that period to 3-months.
For Bakkt Holdings Inc (BKKT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.25 in the current quarter.
Bakkt Holdings Inc (NYSE:BKKT) trade information
Upright in the green during last session for gaining 4.33%, in the last five days BKKT remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $27.68 price level, adding 11.2% to its value on the day. Bakkt Holdings Inc’s shares saw a change of -50.35% in year-to-date performance and have moved -11.00% in past 5-day. Bakkt Holdings Inc (NYSE:BKKT) showed a performance of 149.82% in past 30-days. Number of shares sold short was 0.8 million shares which calculate 8.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a fall of -1284.0% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would jump 92.77% in reaching the projected high whereas dropping to the targeted low would mean a gain of 92.77% for stock’s current value.
Bakkt Holdings Inc (BKKT) estimates and forecasts
This year revenue growth is estimated to rise 24.67% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 21.61M for the same.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
Insiders are in possession of 24.42% of company’s total shares while institution are holding 23.64 percent of that, with stock having share float percentage of 31.27%. Investors also watch the number of corporate investors in a company very closely, which is 23.64% institutions for Bakkt Holdings Inc that are currently holding shares of the company. CWM, LLC is the top institutional holder at BKKT for having 262.0 shares of worth $5000.0. And as of 2024-06-30, it was holding 0.006 of the company’s outstanding shares.
The second largest institutional holder is IFP ADVISORS, INC, which was holding about 33.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0008 of outstanding shares, having a total worth of $329.0.
On the other hand, Global X Fds-Global X Blockchain ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 146.43 shares of worth $4.08 million or 2.26% of the total outstanding shares. The later fund manager was in possession of 127.2 shares on Jun 30, 2024 , making its stake of worth around $3.54 million in the company or a holder of 1.96% of company’s stock.
