Bakkt Holdings Inc (NYSE: BKKT) has seen a rise in its stock price by 7.87 in relation to its previous close of 1.27. However, the company has experienced a 90.28% gain in its stock price over the last five trading sessions. PYMNTS reported 2023-11-14 that Bakkt Holdings, a provider of crypto trading and custody services, is prioritizing international expansion as a key component of its business strategy. The company aims to enter nine new international markets by the end of the year, recognizing the potential for growth and revenue generation outside of the challenging U.S.
Is It Worth Investing in Bakkt Holdings Inc (NYSE: BKKT) Right Now?
, and the 36-month beta value for BKKT is at 4.17. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
The average price suggested by analysts for BKKT is $1.07, which is -$0.3 below the current market price. The public float for BKKT is 73.46M, and currently, shorts hold a 16.57% of that float. The average trading volume for BKKT on November 21, 2023 was 1.20M shares.
BKKT’s Market Performance
BKKT’s stock has seen a 90.28% increase for the week, with a 29.25% rise in the past month and a 7.87% gain in the past quarter. The volatility ratio for the week is 23.29%, and the volatility levels for the past 30 days are at 14.28% for Bakkt Holdings Inc The simple moving average for the last 20 days is 43.01% for BKKT stock, with a simple moving average of 1.07% 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 29, 2022 of the previous year 2022.
BKKT Trading at 27.09% 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 -52.26% of loss for the given period.
Volatility was left at 14.28%, however, over the last 30 days, the volatility rate increased by 23.29%, as shares surge +31.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.20% upper at present.
During the last 5 trading sessions, BKKT rose by +90.28%, which changed the moving average for the period of 200-days by -19.41% in comparison to the 20-day moving average, which settled at $0.9744. In addition, Bakkt Holdings Inc saw 15.13% 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 600 shares at the price of $1.85 back on Jul 19. After this action, VPC Impact Acquisition Holding now owns 4,603,069 shares of Bakkt Holdings Inc, valued at $1,110 using the latest closing price.
VPC Impact Acquisition Holding, the Director of Bakkt Holdings Inc, sale 40,585 shares at $1.87 during a trade that took place back on Jul 17, which means that VPC Impact Acquisition Holding is holding 4,603,669 shares at $76,020 based on the most recent closing price.
Stock Fundamentals for BKKT
Current profitability levels for the company are sitting at:
- -324.96 for the present operating margin
- +48.63 for the gross margin
The net margin for Bakkt Holdings Inc stands at -1059.44. The total capital return value is set at -13.15, while invested capital returns managed to touch -193.12. Equity return is now at value -113.61, with -16.77 for asset returns.
Based on Bakkt Holdings Inc (BKKT), the company’s capital structure generated 38.54 points at debt to equity in total, while total debt to capital is 27.82. Total debt to assets is 8.10, with long-term debt to equity ratio resting at 24.31. Finally, the long-term debt to capital ratio is 17.55.
When we switch over and look at the enterprise to sales, we see a ratio of -0.18, with the company’s debt to enterprise value settled at 0.35. The receivables turnover for the company is 2.51 and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.
In conclusion, Bakkt Holdings Inc (BKKT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.