Bakkt Holdings Inc (NYSE:BKKT) has a beta value of 5.32 and has seen 1.27 million shares traded in the last trading session. The company, currently valued at $469.74M, closed the last trade at $32.44 per share which meant it gained $3.62 on the day or 12.56% during that session. The BKKT stock price is -111.93% off its 52-week high price of $68.75 and 82.83% above the 52-week low of $5.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.69 million shares traded. The 3-month trading volume is 791.09K shares.
The consensus among analysts is that Bakkt Holdings Inc (BKKT) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.25.
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Bakkt Holdings Inc (NYSE:BKKT) trade information
Sporting 12.56% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BKKT stock price touched $32.44 or saw a rise of 4.5%. Year-to-date, Bakkt Holdings Inc shares have moved -41.81%, while the 5-day performance has seen it change 29.50%. Over the past 30 days, the shares of Bakkt Holdings Inc (NYSE:BKKT) have changed 167.88%. Short interest in the company has seen 0.8 million shares shorted with days to cover at 8.61.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -1522.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is 93.83% off the targeted high while a plunge would see the stock lose 93.83% from current levels.
Bakkt Holdings Inc (BKKT) estimates and forecasts
The company’s shares have gained 87.84% over the past 6 months, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 24.67%.
1 analysts offering their estimates for the company have set an average revenue estimate of 21.61M for the current quarter.
BKKT Dividends
Bakkt Holdings Inc is expected to release its next earnings report in January 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 24.42% of the company shares, while shares held by institutions stand at 23.64% with a share float percentage of 31.27%. Investors are also buoyed by the number of investors in a company, with Bakkt Holdings Inc having a total of 69.0 institutions that hold shares in the company. The top two institutional holders are CWM, LLC with over 262.0 shares worth more than $5000.0. As of 2024-06-30, CWM, LLC held 0.006% of shares outstanding.
The other major institutional holder is IFP ADVISORS, INC, with the holding of over 33.0 shares as of 2024-06-30. The firm’s total holdings are worth over $329.0 and represent 0.0008% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Blockchain ETF and Vanguard Total Stock Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 2.22% shares in the company for having 143.67 shares of worth $4.66 million while later fund manager owns 127.18 shares of worth $4.13 million as of Sep 30, 2024 , which makes it owner of about 1.96% of company’s outstanding stock.
