Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Bakkt Holdings Inc (NYSE: BKKT) closed at $11.93 in the last session, up 13.40% from day before closing price of $10.52. In other words, the price has increased by $13.40 from its previous closing price. On the day, 0.68 million shares were traded. BKKT stock price reached its highest trading level at $12.4 during the session, while it also had its lowest trading level at $10.2905.
Ratios:
We take a closer look at BKKT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.57.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 77934280 and an Enterprise Value of 92274856. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 0.026 whereas that against EBITDA is -1.108.
Stock Price History:
The Beta on a monthly basis for BKKT is 5.22, which has changed by -0.1508897 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, BKKT has reached a high of $37.21, while it has fallen to a 52-week low of $5.57. The 50-Day Moving Average of the stock is -30.00%, while the 200-Day Moving Average is calculated to be -30.23%.
Shares Statistics:
According to the various share statistics, BKKT traded on average about 488.91K shares per day over the past 3-months and 829240 shares per day over the past 10 days. A total of 6.51M shares are outstanding, with a floating share count of 5.90M. Insiders hold about 9.69% of the company’s shares, while institutions hold 21.76% stake in the company. Shares short for BKKT as of 1740700800 were 1055455 with a Short Ratio of 2.16, compared to 1738281600 on 1108173. Therefore, it implies a Short% of Shares Outstanding of 1055455 and a Short% of Float of 16.75.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
