In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Bakkt Holdings Inc (NYSE: BKKT) closed at $9.33 down -27.28% from its previous closing price of $12.83. In other words, the price has decreased by -$27.28 from its previous closing price. On the day, 1.96 million shares were traded. BKKT stock price reached its highest trading level at $9.42 during the session, while it also had its lowest trading level at $7.9601.
Ratios:
For a deeper understanding of Bakkt Holdings Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 60424720 and an Enterprise Value of 99125680. 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 1.20. Its current Enterprise Value per Revenue stands at 0.052 whereas that against EBITDA is -1.055.
Stock Price History:
The Beta on a monthly basis for BKKT is 5.13, which has changed by -0.3127072 over the last 52 weeks, in comparison to a change of 0.07465422 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 -48.30%, while the 200-Day Moving Average is calculated to be -45.75%.
Shares Statistics:
For the past three months, BKKT has traded an average of 437.06K shares per day and 733540 over the past ten days. A total of 6.47M shares are outstanding, with a floating share count of 5.85M. 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 2.41, 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
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
