In yesterday’s Wall Street session, Bakkt Holdings Inc (NYSE:BKKT) shares traded at $0.46, down -3.52% from the previous session.
BKKT stock price is now -51.06% away from the 50-day moving average and -64.62% away from the 200-day moving average. The market capitalization of the company currently stands at $61.61M.
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With the price target of $2.50, Wells Fargo recently initiated with Equal Weight rating for Bakkt Holdings Inc (NYSE: BKKT). On July 19, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $3, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Intercontinental Exchange, Inc, 10% Owner bought 2,762,009 shares of the company’s stock on Mar 04 ’24. The stock was bought for $2,394,662 at an average price of $0.87. Upon completion of the transaction, the 10% Owner now directly owns 7,476,345 shares in the company, valued at $3.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, General Counsel & Secretary D’Annunzio Marc sold 50,247 shares of the business’s stock. A total of $44,047 was realized by selling the stock at an average price of $0.88. This leaves the insider owning 566,630 shares of the company worth $0.26 million. A total of 19.11% of the company’s stock is owned by insiders.
During the past 12 months, Bakkt Holdings Inc has had a low of $0.41 and a high of $2.75. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for BKKT is $0.9206 and a two-hundred day moving average price translates $1.2951 for the stock.
The latest earnings results from Bakkt Holdings Inc (NYSE: BKKT) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.29, missing analysts’ expectations of -$0.13 by -0.16. This compares to -$6.61 EPS in the same period last year. The net profit margin was -9.60% and return on equity was -103.57% for BKKT. The company reported revenue of $214.75 million for the quarter, compared to $16.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1205.93 percent. For the current quarter, analysts expect BKKT to generate $17.4M in revenue.
