Bakkt Holdings Inc (NYSE:BKKT) shares, rose in value, with the stock price up by 2.39% to the previous day’s close as strong demand from buyers drove the stock to $0.37.
Actively observing the price movement in the last trading, the stock closed the session at $0.36. Referring to stock’s 52-week performance, its high was $2.75, and the low was $0.33. On the whole, BKKT has fluctuated by -18.16% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 80.15M, with a low estimate of 16.7M and a high estimate of 18.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BKKT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BKKT currently trading nearly -18.34% and -39.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.46, while the 7-day volatility ratio is showing 10.15% which for the 30-day chart, stands at 11.14%. Furthermore, Bakkt Holdings Inc (BKKT)’s beta value is 3.99, and its average true range (ATR) is 0.06.
A comparison of Bakkt Holdings Inc (BKKT) with its peers suggests the former has fared considerably weaker in the market. BKKT showed an intraday change of 2.39% in last session, and over the past year, it shrunk by -72.49%%.
Data on historical trading for Bakkt Holdings Inc (NYSE:BKKT) indicates that the trading volumes over the past 3 months, they’ve averaged 6.13 million. According to company’s latest data on outstanding shares, there are 145.50 million shares outstanding.
Nearly 12.96% of Bakkt Holdings Inc’s shares belong to company insiders and institutional investors own 19.84% of the company’s shares. The stock has fallen by -83.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BKKT stock heading into the next quarter.
