After finishing at $0.46 in the prior trading day, Bakkt Holdings Inc (NYSE: BKKT) closed at $0.45, down -2.93%. In other words, the price has decreased by -$0.0135 from its previous closing price. On the day, 2610734 shares were traded.
Ratios:
Our goal is to gain a better understanding of BKKT by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 63.31M and an Enterprise Value of 20.19M. 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 0.88. Its current Enterprise Value per Revenue stands at 0.03 whereas that against EBITDA is -0.18.
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. The 50-Day Moving Average of the stock is 0.8291, while the 200-Day Moving Average is calculated to be 1.2712.
Shares Statistics:
The stock has traded on average 6.18M shares per day over the past 3-months and 8.21M shares per day over the last 10 days, according to various share statistics. A total of 141.80M shares are outstanding, with a floating share count of 114.43M. Insiders hold about 19.30% of the company’s shares, while institutions hold 22.18% stake in the company. Shares short for BKKT as of Mar 15, 2024 were 18.66M with a Short Ratio of 3.02, compared to 19.12M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.93% and a Short% of Float of 14.08%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.09, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.23 and -$0.32 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.19, with 3 analysts recommending between -$0.15 and -$0.24.
Revenue Estimates
3 analysts predict $17.9M in revenue for the current quarter. It ranges from a high estimate of $18.8M to a low estimate of $16.7M. As of the current estimate, Bakkt Holdings Inc’s year-ago sales were $13M, an estimated increase of 37.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $18.43M, an increase of 16.60% less than the figure of $37.70% in the same quarter last year. There is a high estimate of $19.3M for the next quarter, whereas the lowest estimate is $17.5M.
A total of 3 analysts have provided revenue estimates for BKKT’s current fiscal year. The highest revenue estimate was $83.9M, while the lowest revenue estimate was $75.66M, resulting in an average revenue estimate of $80.15M. In the same quarter a year ago, actual revenue was $780M, down -89.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $98M in the next fiscal year. The high estimate is $104.7M and the low estimate is $88.51M. The average revenue growth estimate for next year is up 22.30% from the average revenue estimate for this year.
