In the last trading session, 1.16 million Bakkt Holdings Inc (NYSE:BKKT) shares changed hands as the company’s beta touched 5.23. With the company’s per share price at $22.77 changed hands at -$1.34 or -5.56% during last session, the market valuation stood at $322.24M. BKKT’s last price was a discount, traded about -63.42% off its 52-week high of $37.21. The share price had its 52-week low at $6.81, which suggests the last value was 70.09% up since then. When we look at Bakkt Holdings Inc’s average trading volume, we note the 10-day average is 0.75 million shares, with the 3-month average coming to 506.29K.
Analysts gave the Bakkt Holdings Inc (BKKT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended BKKT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Bakkt Holdings Inc (NYSE:BKKT) trade information
Instantly BKKT was in red as seen at the end of in last trading. With action 17.07%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.13%, with the 5-day performance at 17.07% in the green. However, in the 30-day time frame, Bakkt Holdings Inc (NYSE:BKKT) is 88.34% up. Looking at the short shares, we see there were 1.42 million shares sold at short interest cover period of 2.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -1038.5% from its current market value. According to analyst projections, BKKT’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a 91.22% surge from its current level, while the stock would need to tank 91.22% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -14.18%.
BKKT Dividends
Bakkt Holdings Inc is expected to release its next quarterly earnings report on 2024-Nov-14.
Bakkt Holdings Inc (NYSE:BKKT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 23.59% of Bakkt Holdings Inc shares while 20.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.01%. There are 20.64% institutions holding the Bakkt Holdings Inc stock share, with HORIZON KINETICS ASSET MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.2908% of the shares, roughly 0.45 million BKKT shares worth $8.5 million.
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 5.3167% or 0.33 million shares worth $6.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Covington TRT-Fidelity Crypto Industry and Digital Payments E . With 146.48 shares estimated at $3.34 million under it, the former controlled 2.10% of total outstanding shares. On the other hand, Fidelity Covington TRT-Fidelity Crypto Industry and Digital Payments E held about 1.66% of the shares, roughly 115.69 shares worth around $2.63 million.
