A new trading day began on Monday, with Bakkt Holdings Inc (NYSE: BKKT) stock price up 26.78% from the previous day of trading, before settling in for the closing price of $9.82. BKKT’s price has ranged from $5.57 to $68.75 over the past 52 weeks.
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Annual sales at Technology sector company grew by 443.37% over the past five years. Meanwhile, its annual earnings per share averaged 69.18%. With a float of $5.78 million, this company’s outstanding shares have now reached $6.32 million.
Let’s look at the performance matrix of the company that is accounted for 747 employees. In terms of profitability, gross margin is 0.41%, operating margin of -6.9%, and the pretax margin is -10.47%.
Bakkt Holdings Inc (BKKT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Bakkt Holdings Inc is 8.58%, while institutional ownership is 23.56%. The most recent insider transaction that took place on Apr 25 ’24, was worth 304,213. In this transaction 10% Owner of this company bought 350,880 shares at a rate of $0.87, taking the stock ownership to the 649,934 shares. Before that another transaction happened on Mar 04 ’24, when Company’s 10% Owner bought 2,762,009 for $0.87, making the entire transaction worth $2,394,662. This insider now owns 7,476,345 shares in total.
Bakkt Holdings Inc (BKKT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 69.18% per share during the next fiscal year.
Bakkt Holdings Inc (NYSE: BKKT) Trading Performance Indicators
Here are Bakkt Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.55, a number that is poised to hit -1.10 in the next quarter and is forecasted to reach -2.37 in one year’s time.
Technical Analysis of Bakkt Holdings Inc (BKKT)
Bakkt Holdings Inc (NYSE: BKKT) saw its 5-day average volume 0.27 million, a positive change from its year-to-date volume of 0.23 million. As of the previous 9 days, the stock’s Stochastic %D was 49.09%. Additionally, its Average True Range was 1.04.
During the past 100 days, Bakkt Holdings Inc’s (BKKT) raw stochastic average was set at 24.27%, which indicates a significant decrease from 86.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 146.55% in the past 14 days, which was higher than the 105.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.64, while its 200-day Moving Average is $15.12. Nevertheless, the first resistance level for the watch stands at $13.46 in the near term. At $14.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.94. If the price goes on to break the first support level at $10.98, it is likely to go to the next support level at $9.50. The third support level lies at $8.50 if the price breaches the second support level.
Bakkt Holdings Inc (NYSE: BKKT) Key Stats
With a market capitalization of 162.97 million, the company has a total of 13,517K Shares Outstanding. Currently, annual sales are 780,140 K while annual income is -74,850 K. The company’s previous quarter sales were 509,900 K while its latest quarter income was -16,420 K.
