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The closing price of Bakkt Holdings Inc (NYSE: BKKT) was $31.61 for the day, up 7.15% from the previous closing price of $29.50. In other words, the price has increased by $7.15 from its previous closing price. On the day, 4.66 million shares were traded. BKKT stock price reached its highest trading level at $35.25 during the session, while it also had its lowest trading level at $29.14.
Ratios:
Our analysis of BKKT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.40.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 25 ’24 when Intercontinental Exchange, Inc bought 350,880 shares for $0.87 per share. The transaction valued at 304,213 led to the insider holds 649,934 shares of the business.
Intercontinental Exchange, Inc bought 2,762,009 shares of BKKT for $2,394,662 on Mar 04 ’24. The 10% Owner now owns 7,476,345 shares after completing the transaction at $0.87 per share. On Feb 23 ’24, another insider, D’Annunzio Marc, who serves as the General Counsel & Secretary of the company, sold 50,247 shares for $0.88 each. As a result, the insider received 44,047 and left with 566,630 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 204718688 and an Enterprise Value of 217438560. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 0.122 whereas that against EBITDA is -2.304.
Stock Price History:
Over the past 52 weeks, BKKT has reached a high of $68.75, while it has fallen to a 52-week low of $5.57. The 50-Day Moving Average of the stock is 169.43%, while the 200-Day Moving Average is calculated to be 117.05%.
Shares Statistics:
BKKT traded an average of 510.97K shares per day over the past three months and 2821560 shares per day over the past ten days. A total of 6.48M shares are outstanding, with a floating share count of 5.92M. Insiders hold about 8.58% of the company’s shares, while institutions hold 22.20% stake in the company. Shares short for BKKT as of 1730332800 were 802011 with a Short Ratio of 1.57, compared to 1727654400 on 832660. Therefore, it implies a Short% of Shares Outstanding of 802011 and a Short% of Float of 13.05.
Earnings Estimates
The current market rating for Bakkt Holdings Inc (BKKT) reflects the collective analysis of 1.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$6.46, with high estimates of -$6.46 and low estimates of -$6.46.
Analysts are recommending an EPS of between -$5.41 and -$5.41 for the fiscal current year, implying an average EPS of -$5.41. EPS for the following year is $nan, with nan analysts recommending between $nan and $nan.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $21.61M to a low estimate of $21.61M. As of the current estimate, Bakkt Holdings Inc’s year-ago sales were $17MFor the next quarter, 1 analysts are estimating revenue of $72.31M. There is a high estimate of $72.31M for the next quarter, whereas the lowest estimate is $72.31M.
A total of 1 analysts have provided revenue estimates for BKKT’s current fiscal year. The highest revenue estimate was $83.65M, while the lowest revenue estimate was $83.65M, resulting in an average revenue estimate of $83.65M. In the same quarter a year ago, actual revenue was $72.31MBased on nan analysts’ estimates, the company’s revenue will be $nan in the next fiscal year. The high estimate is $nan and the low estimate is $nan.
