Bakkt Holdings Inc. (NYSE:BKKT) went down by -4.00% from its latest closing price compared to the recent 1-year high of $9.01. The company’s stock price has collected -6.34% of loss in the last five trading sessions. The Wall Street Journal reported on 02/24/22 that Occidental Petroleum, Coinbase, fuboTV, Apple: What to Watch in the Stock Market Today
Is It Worth Investing in Bakkt Holdings Inc. (NYSE :BKKT) Right Now?
Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Bakkt Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $2.15, which is $0.5 above the current price. BKKT currently public float of 61.58M and currently shorts hold a 20.13% ratio of that float. Today, the average trading volume of BKKT was 2.40M shares.
BKKT’s Market Performance
BKKT stocks went down by -6.34% for the week, with a monthly jump of 44.36% and a quarterly performance of -8.57%, while its annual performance rate touched -59.58%. The volatility ratio for the week stands at 14.28% while the volatility levels for the past 30 days are set at 17.49% for Bakkt Holdings Inc. The simple moving average for the period of the last 20 days is 23.87% for BKKT stocks with a simple moving average of -24.24% for the last 200 days.
Analysts’ Opinion of BKKT
Many brokerage firms have already submitted their reports for BKKT stocks, with Wells Fargo repeating the rating for BKKT by listing it as a “Equal Weight.” The predicted price for BKKT in the upcoming period, according to Wells Fargo is $2.50 based on the research report published on September 29th of the previous year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see BKKT reach a price target of $3. The rating they have provided for BKKT stocks is “Neutral” according to the report published on July 19th, 2022.
Jefferies gave a rating of “Hold” to BKKT, setting the target price at $28 in the report published on November 11th of the previous year.
BKKT Trading at 15.86% from the 50-Day Moving Average
After a stumble in the market that brought BKKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.69% of loss for the given period.
Volatility was left at 17.49%, however, over the last 30 days, the volatility rate increased by 14.28%, as shares surge +47.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.05% upper at present.
During the last 5 trading sessions, BKKT fell by -6.34%, which changed the moving average for the period of 200-days by -66.61% in comparison to the 20-day moving average, which settled at $1.58. In addition, Bakkt Holdings Inc. saw 61.34% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BKKT starting from VPC Impact Acquisition Holding, who sale 100,000 shares at the price of $2.06 back on Jan 13. After this action, VPC Impact Acquisition Holding now owns 7,623,540 shares of Bakkt Holdings Inc., valued at $206,100 using the latest closing price.
Alexander Karen, the Chief Financial Officer of Bakkt Holdings Inc., sale 11,487 shares at $1.35 during a trade that took place back on Dec 23, which means that Alexander Karen is holding 199,968 shares at $15,507 based on the most recent closing price.
Stock Fundamentals for BKKT
Current profitability levels for the company are sitting at:
- -465.09 for the present operating margin
The net margin for Bakkt Holdings Inc. stands at -464.57. Equity return is now at value -149.50, with -31.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.30.