At the time of writing, Bakkt Holdings Inc [BKKT] stock is trading at $14.75, up 47.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKKT shares have gain 61.73% over the last week, with a monthly amount glided 67.42%, and 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.
For the past year, the stock price of Bakkt Holdings Inc fluctuated between $6.81 and $37.21. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Bakkt Holdings Inc [NYSE: BKKT] shares were valued at $14.75 at the most recent close of the market. An investor can expect a potential drop of -86.44% based on the average BKKT price forecast.
Analyzing the BKKT fundamentals
According to Bakkt Holdings Inc [NYSE:BKKT], the company’s sales were 3.71B for trailing twelve months, which represents an 25.78% jump. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.59 and Total Capital is -0.68.
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 12.39 points at the first support level, and at 10.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.30, and for the 2nd resistance point, it is at 17.85.
Ratios To Look Out For
It is important to note that Bakkt Holdings Inc [NYSE:BKKT] has a current ratio of 1.58. Further, the Quick Ratio stands at 1.58, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 0.06, the price to book ratio is 2.23.
