Bakkt Holdings Inc (NYSE:BKKT)’s traded shares stood at 0.52 million during the last session, with the company’s beta value hitting 5.31. At the close of trading, the stock’s price was $27.49, to imply a decrease of -9.60% or -$2.92 in intraday trading. The BKKT share’s 52-week high remains $68.75, putting it -150.09% down since that peak but still an impressive 79.74% since price per share fell to its 52-week low of $5.57. The company has a valuation of $375.83M, with an average of 0.7 million shares in intraday trading volume over the past 10 days and average of 867.73K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Bakkt Holdings Inc (BKKT), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give BKKT a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.25.
Bakkt Holdings Inc (NYSE:BKKT) trade information
After registering a -9.60% downside in the last session, Bakkt Holdings Inc (BKKT) has traded red over the past five days. The 5-day price performance for the stock is 3.11%, and 6.30% over 30 days. With these gigs, the year-to-date price performance is -50.69%. Short interest in Bakkt Holdings Inc (NYSE:BKKT) saw shorts transact 0.8 million shares and set a 8.61 days time to cover.
The extremes give us $2 and $2 for target low and target high price respectively. As such, BKKT has been trading 92.72% off suggested target high and 92.72% from its likely low.
Bakkt Holdings Inc (BKKT) estimates and forecasts
The rating firms project that company’s revenue will grow 24.67% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 21.61M.
BKKT Dividends
Bakkt Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
Bakkt Holdings Inc insiders hold 24.42% of total outstanding shares, with institutional holders owning 23.64% of the shares at 31.27% float percentage. In total, 23.64% institutions holds shares in the company, led by CWM, LLC. As of 2024-06-30, the company held over 262.0 shares (or 0.006% of shares), all amounting to roughly $5000.0.
The next major institution holding the largest number of shares is IFP ADVISORS, INC with 33.0 shares, or about 0.0008% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $329.0.
We also have Global X Fds-Global X Blockchain ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Bakkt Holdings Inc (BKKT) shares. Going by data provided on Oct 31, 2024 , Global X Fds-Global X Blockchain ETF holds roughly 143.67 shares. This is just over 2.22% of the total shares, with a market valuation of $3.95 million. Data from the same date shows that the other fund manager holds a little less at 127.18, or 1.96% of the shares, all valued at about 3.5 million.
