As of close of business last night, Bakkt Holdings Inc.’s stock clocked out at $1.22, down -3.17% from its previous closing price of $1.26. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1230039 shares were traded. BKKT stock price reached its highest trading level at $1.2900 during the session, while it also had its lowest trading level at $1.2200.
To gain a deeper understanding of BKKT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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.
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 Jul 19 when VPC Impact Acquisition Holding sold 600 shares for $1.85 per share. The transaction valued at 1,110 led to the insider holds 4,603,069 shares of the business.
VPC Impact Acquisition Holding sold 40,585 shares of BKKT for $76,020 on Jul 17. The Director now owns 4,603,669 shares after completing the transaction at $1.87 per share. On Jul 14, another insider, VPC Impact Acquisition Holding, who serves as the Director of the company, sold 400,000 shares for $2.07 each. As a result, the insider received 828,000 and left with 4,644,254 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BKKT now has a Market Capitalization of 111.44M and an Enterprise Value of 40.87M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 0.11 whereas that against EBITDA is -0.29.
Stock Price History:
Over the past 52 weeks, BKKT has reached a high of $2.87, while it has fallen to a 52-week low of $1.08. The 50-Day Moving Average of the stock is 1.4710, while the 200-Day Moving Average is calculated to be 1.4796.
It appears that BKKT traded 1.85M shares on average per day over the past three months and 709k shares per day over the past ten days. A total of 89.84M shares are outstanding, with a floating share count of 75.63M. Insiders hold about 1.50% of the company’s shares, while institutions hold 30.80% stake in the company. Shares short for BKKT as of Aug 30, 2023 were 11.93M with a Short Ratio of 11.93M, compared to 11.48M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 13.06% and a Short% of Float of 13.27%.
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.27, while EPS last year was -$6.11. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.09 and low estimates of -$0.29.
Analysts are recommending an EPS of between -$0.55 and -$1.11 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is -$0.5, with 3 analysts recommending between -$0.27 and -$0.71.
In the current quarter, 2 analysts expect revenue to total $16.45M. It ranges from a high estimate of $16.9M to a low estimate of $16M. As of the current estimate, Bakkt Holdings Inc.’s year-ago sales were $12.9M, an estimated increase of 27.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $19.85M, an increase of 27.20% less than the figure of $27.50% in the same quarter last year. There is a high estimate of $20.7M for the next quarter, whereas the lowest estimate is $19M.
A total of 3 analysts have provided revenue estimates for BKKT’s current fiscal year. The highest revenue estimate was $65.54M, while the lowest revenue estimate was $61M, resulting in an average revenue estimate of $63.37M. In the same quarter a year ago, actual revenue was $54.6M, up 16.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $95.53M in the next fiscal year. The high estimate is $103M and the low estimate is $88.22M. The average revenue growth estimate for next year is up 50.70% from the average revenue estimate for this year.