As of close of business last night, Bakkt Holdings Inc’s stock clocked out at $0.44, down -10.55% from its previous closing price of $0.49. On the day, 3078093 shares were traded.
Ratios:
To gain a deeper understanding of BKKT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on September 29, 2022, initiated with a Equal Weight rating and assigned the stock a target price of $2.50.
On July 19, 2022, Citigroup started tracking the stock assigning a Neutral rating and target price of $3.
On November 11, 2021, Jefferies started tracking the stock assigning a Hold rating and target price of $28.Jefferies initiated its Hold rating on November 11, 2021, with a $28 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Intercontinental Exchange, Inc bought 2,762,009 shares for $0.87 per share. The transaction valued at 2,394,662 led to the insider holds 7,476,345 shares of the business.
D’Annunzio Marc sold 50,247 shares of BKKT for $44,047 on Feb 23 ’24. The General Counsel & Secretary now owns 566,630 shares after completing the transaction at $0.88 per share. On Feb 08 ’24, another insider, D’Annunzio Marc, who serves as the General Counsel & Secretary of the company, sold 19,329 shares for $0.98 each. As a result, the insider received 18,927 and left with 638,157 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.86.
Stock Price History:
Over the past 52 weeks, BKKT has reached a high of $2.75, while it has fallen to a 52-week low of $0.41.
Shares Statistics:
A total of 141.80M shares are outstanding, with a floating share count of 123.46M. Insiders hold about 12.94% of the company’s shares, while institutions hold 22.16% stake in the company.
Earnings Estimates
As of right now, Bakkt Holdings, Inc. analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $11.18, with high estimates of $94.11 and low estimates of $505.00.
Analysts are recommending an EPS of between $Healthcare and $Financial Services for the fiscal current year, implying an average EPS of $Financial Services.
