Analysts Predict Bakkt Holdings Inc (NYSE:BKKT) To Reach 2 In 12 Months

In last trading session, Bakkt Holdings Inc (NYSE:BKKT) saw 0.65 million shares changing hands with its beta currently measuring 5.28. Company’s recent per share price level of $27.56 trading at $0.9 or 3.38% at ring of the bell on the day assigns it a market valuation of $376.78M. That closing price of BKKT’s stock is at a discount of -149.46% from its 52-week high price of $68.75 and is indicating a premium of 79.79% 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 0.71 million shares which gives us an average trading volume of 838.24K 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.

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Bakkt Holdings Inc (NYSE:BKKT) trade information

Upright in the green during last session for gaining 3.38%, in the last five days BKKT remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $27.56 price level, adding 18.87% to its value on the day. Bakkt Holdings Inc’s shares saw a change of -50.57% in year-to-date performance and have moved -4.37% in past 5-day. Bakkt Holdings Inc (NYSE:BKKT) showed a performance of -12.81% 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 -1278.0% 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 92.74% in reaching the projected high whereas dropping to the targeted low would mean a gain of 92.74% 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.