Bakkt Holdings Inc [BKKT] stock prices are up 13.07% to $13.50 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BKKT shares have gain 3.29% over the last week, with a monthly amount drifted -26.03%, 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.
The stock price of Bakkt Holdings Inc [BKKT] has been fluctuating between $5.57 and $37.21 over the past year. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Bakkt Holdings Inc [NYSE: BKKT] shares were valued at $13.50 at the most recent close of the market. An investor can expect a potential drop of -85.19% based on the average BKKT price forecast.
Analyzing the BKKT fundamentals
The Bakkt Holdings Inc [NYSE:BKKT] reported sales of 1.91B for trailing twelve months, representing a surge of 60.38%. 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 12.84 points at the first support level, and at 12.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.50, and for the 2nd resistance point, it is at 15.51.
Ratios To Look Out For
It’s worth pointing out that Bakkt Holdings Inc [NYSE:BKKT]’s Current Ratio is 1.05. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 1.73.
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.
