Bakkt Holdings Inc (NYSE:BKKT) price on Thursday, March 20, rose 13.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.52.
A look at the stock’s price movement, the close in the last trading session was $9.31, moving within a range at $9.3419 and $13.2. The beta value (5-Year monthly) was 5.306. Turning to its 52-week performance, $37.21 and $5.57 were the 52-week high and 52-week low respectively. Overall, BKKT moved -31.20% over the past month.
Bakkt Holdings Inc’s market cap currently stands at around $143.82 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BKKT is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend BKKT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BKKT’s current price about -14.44% and -39.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.09, while 7-day volatility ratio is 18.08% and 13.70% in the 30-day chart. Further, Bakkt Holdings Inc (BKKT) has a beta value of 5.28, and an average true range (ATR) of 1.96. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $2 and high of $2. Looking at the price targets, the low is 80.99% off current price level while to achieve the yearly target high, price needs to move 80.99%. Nonetheless, investors will most likely welcome a 80.99% jump to $2 which is the analysts’ median price.
If we refocus on Bakkt Holdings Inc (NYSE:BKKT), historical trading data shows that trading volumes averaged 0.8 over the past 10 days and 458.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 6.47 million shares.
The 9.69% of Bakkt Holdings Inc’s shares are in the hands of company insiders while institutional holders own 21.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.06 million on 2025-02-28, giving us a short ratio of 2.71. The data shows that as of 2025-02-28 short interest in Bakkt Holdings Inc (BKKT) stood at 1675.0 of shares outstanding, with shares short falling to 1.11 million registered in 2025-01-31. Current price change has pushed the stock -57.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BKKT stock continues to rise going into the next quarter.
