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The closing price of Bakkt Holdings Inc (NYSE: BKKT) was $18.18 for the day, up 0.83% from the previous closing price of $18.03. In other words, the price has increased by $0.83 from its previous closing price. On the day, 68838.0 shares were traded. BKKT stock price reached its highest trading level at $18.1973 during the session, while it also had its lowest trading level at $17.39.
Ratios:
Our analysis of BKKT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.39.
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 110864080 and an Enterprise Value of 134175168. 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 1.87. Its current Enterprise Value per Revenue stands at 0.083 whereas that against EBITDA is -1.293.
Stock Price History:
The Beta on a monthly basis for BKKT is 4.64, which has changed by -0.4567939 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. 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 27.53%, while the 200-Day Moving Average is calculated to be -27.73%.
Shares Statistics:
BKKT traded an average of 359.18K shares per day over the past three months and 305190 shares per day over the past ten days. A total of 6.23M shares are outstanding, with a floating share count of 5.79M. Insiders hold about 7.15% of the company’s shares, while institutions hold 23.83% stake in the company. Shares short for BKKT as of 1718323200 were 919035 with a Short Ratio of 2.56, compared to 1715731200 on 1203880. Therefore, it implies a Short% of Shares Outstanding of 919035 and a Short% of Float of 15.17.
