Currently, Bakkt Holdings Inc [BKKT] is trading at $28.86, up 10.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BKKT shares have gain 15.53% over the last week, with a monthly amount drifted -11.04%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bakkt Holdings Inc [NYSE: BKKT] stock has seen the most recent analyst activity on September 29, 2022, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $2.50. Previously, Citigroup started tracking the stock with Neutral rating on July 19, 2022, and set its price target to $3. On November 11, 2021, Jefferies initiated with a Hold rating and assigned a price target of $28 on the stock.
This stock has fluctuated between a low of $5.57 and a high of $39.75 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Bakkt Holdings Inc [NYSE: BKKT] shares were valued at $28.86 at the most recent close of the market. An investor can expect a potential drop of -93.07% based on the average BKKT price forecast.
Analyzing the BKKT fundamentals
Trailing Twelve Months sales for Bakkt Holdings Inc [NYSE:BKKT] were 1.91B which represents 60.38% growth. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -1.14 and Total Capital is -0.7. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.26 points at the first support level, and at 25.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.90, and for the 2nd resistance point, it is at 30.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bakkt Holdings Inc [NYSE:BKKT] is 1.05. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.21, the price to book ratio is 3.70.
Transactions by insiders
Recent insider trading involved Intercontinental Exchange, Inc, 10% Owner, that happened on Apr 25 ’24 when 0.35 million shares were purchased. 10% Owner, Intercontinental Exchange, Inc completed a deal on Mar 04 ’24 to buy 2.76 million shares. Meanwhile, General Counsel & Secretary D’Annunzio Marc sold 50247.0 shares on Feb 23 ’24.
