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The closing price of Bakkt Holdings Inc (NYSE: BKKT) was $0.40 for the day, down -5.29% from the previous closing price of $0.42. In other words, the price has decreased by -$5.29 from its previous closing price. On the day, 2.53 million shares were traded. BKKT stock price reached its highest trading level at $0.4207 during the session, while it also had its lowest trading level at $0.3918.
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 1.10 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:
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 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 127965096 and an Enterprise Value of 99781272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 0.128 whereas that against EBITDA 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 $0.40. The 50-Day Moving Average of the stock is -39.95%, while the 200-Day Moving Average is calculated to be -67.83%.
Shares Statistics:
BKKT traded an average of 6.01M shares per day over the past three months and 3343580 shares per day over the past ten days. A total of 141.80M shares are outstanding, with a floating share count of 123.42M. Insiders hold about 12.96% of the company’s shares, while institutions hold 20.36% stake in the company. Shares short for BKKT as of 1711584000 were 18251705 with a Short Ratio of 3.04, compared to 1709164800 on 20526464. Therefore, it implies a Short% of Shares Outstanding of 18251705 and a Short% of Float of 13.29.
Earnings Estimates
The current assessment of Bakkt Holdings Inc (BKKT) involves the perspectives of Bakkt Holdings, Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $11.37, with high estimates of $505.00 and low estimates of $86.70.
