Bakkt Holdings Inc (NYSE:BKKT) price closed lower on Monday, April 15, dropping -10.55% below its previous close.
A look at the daily price movement shows that the last close reads $0.49. The company’s 5Y monthly beta was ticking 3.96. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.75 and 52-week low of $0.41. The stock subtracted -17.70% on its value in the past month.
Bakkt Holdings Inc, which has a market valuation of $62.42 million, is expected to release its quarterly earnings report Feb 29, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BKKT a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that BKKT’s price is at present -12.44% off the SMA20 and -40.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.41, with weekly volatility standing at 13.54%. The indicator jumps to 12.74% when calculated based on the past 30 days. Bakkt Holdings Inc (NYSE:BKKT)’s beta value is holding at 3.90, while the average true range (ATR) indicator is currently reading 0.07.
An analysis of the Bakkt Holdings Inc (NYSE:BKKT) stock in terms of its daily trading volume indicates that the 3-month average is 6.08 million.
Current records show that the company has 141.80M in outstanding shares. The insiders’ percentage holdings are 12.94% of outstanding shares while the percentage share held by institutions stands at 22.16%. But the -80.26% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
