As of Friday close, Bakkt Holdings Inc.’s (NYSE:BKKT) stock was up $0.04, moving up 3.15 percent to $1.31. The average number of shares traded per day over the past five days has been 753,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1100 fall in that time frame. In the last twenty days, the average volume was 1,148,605, while in the previous 50 days, it was 2,164,256.
Since last month, BKKT stock retreated -21.56%. Shares of the company fell to $1.2300 on 08/18/23, the lowest level in the past month. A 52-week high of $3.24 was reached on 01/12/23 after having rallying from a 52-week low of $1.08. Since the beginning of this year, BKKT’s stock price has risen by 10.08% or $0.1200, and marked a new high 6 times. However, the stock has declined by -59.57% since its 52-week high.
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BKKT stock investors should be aware that Bakkt Holdings Inc. (BKKT) stock had its last reported insider trading activity 31 days ago on Jul 19. VPC Impact Acquisition Holding, the Director of the company, disposed of 600 shares for $1.85 on Jul 19. It resulted in a $1,110 divestment by the insider. VPC Impact Acquisition Holding sold 40,585 shares at an average price of $1.87 on Jul 17. The insider now owns 4,603,669 shares following the transaction. On Jul 14, Director VPC Impact Acquisition Holding sold 400,000 shares at $2.07 apiece. The transaction was valued at $828,000.
Valuation Metrics
The stock’s beta is 4.24. Besides these, the trailing price-to-sales (P/S) ratio of 6.27, the price-to-book (PB) ratio of 1.20.
Financial Health
In the three months ended June 29, Bakkt Holdings Inc.’s quick ratio stood at 3.30, while its current ratio was 3.30, showing that the company is able to pay off its debt. Based on annual data, BKKT earned $2.07 billion in gross profit and brought in $54.57 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Bakkt Holdings Inc. to report -$0.2 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated -$47.27 million in EBITDA. The liabilities of Bakkt Holdings Inc. were 763.87 million at the end of its most recent quarter ended June 29, and its total debt was $28.86 million. The value of shareholders’ equity is $190.4 million.
Technical Picture
This quick technical analysis looks at Bakkt Holdings Inc.’s (BKKT) price momentum. With a historical volatility rate of 51.57%, the RSI 9-day stood at 35.29% on 18 August.
With respect to its five-day moving average, the current Bakkt Holdings Inc. price is down by -7.75% percent or -$0.1100. At present, BKKT shares trade -22.94% below its 20-day simple moving average and -12.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.76% below its SMA50 and -38.50% below its SMA200.
Stochastic coefficient K was 8.62% and Stochastic coefficient D was 9.40%, while ATR was 0.0996. Given the Stochastic reading of 19.05% for the 14-day period, the RSI (14) reading has been calculated as 39.37%. As of today, the MACD Oscillator reading stands at -0.0733, while the 14-day reading stands at -0.1224.
Analyst Ratings
Wells Fargo launched its rating on Bakkt Holdings Inc. (NYSE: BKKT) to an Equal weight in a note to investors on September 29, 2022. Bakkt Holdings Inc. (BKKT) has been rated Overweight by analysts. According to 0 brokerage firms, BKKT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Bakkt Holdings Inc. stock as buy, with 1 recommending it as overweight.
