Bakkt Holdings Inc (NYSE: BKKT) on Friday, soared 4.98% from the previous trading day, before settling in for the closing price of $26.53. Within the past 52 weeks, BKKT’s price has moved between $5.57 and $68.75.
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During the last 5-year period, the sales growth of Technology Sector giant was 443.37%. With a float of $5.92 million, this company’s outstanding shares have now reached $6.48 million.
Let’s determine the extent of company efficiency that accounts for 747 employees. In terms of profitability, gross margin is 16.35%, operating margin of -5.17%, and the pretax margin is -7.42%.
Bakkt Holdings Inc (BKKT) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Bakkt Holdings Inc is 8.58%, while institutional ownership is 22.18%. 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) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 8.01 earnings per share (EPS) for the period topping the consensus outlook (set at -3.33) by 11.34. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Bakkt Holdings Inc (NYSE: BKKT) Trading Performance Indicators
Bakkt Holdings Inc (BKKT) is currently performing well based on its current performance indicators. A quick ratio of 1.05 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -12.26
Technical Analysis of Bakkt Holdings Inc (BKKT)
Looking closely at Bakkt Holdings Inc (NYSE: BKKT), its last 5-days average volume was 0.94 million, which is a jump from its year-to-date volume of 0.38 million. As of the previous 9 days, the stock’s Stochastic %D was 61.19%. Additionally, its Average True Range was 3.10.
During the past 100 days, Bakkt Holdings Inc’s (BKKT) raw stochastic average was set at 66.96%, which indicates a significant increase from 64.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 408.90% in the past 14 days, which was higher than the 184.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.77, while its 200-day Moving Average is $14.61. However, in the short run, Bakkt Holdings Inc’s stock first resistance to watch stands at $29.09. Second resistance stands at $30.32. The third major resistance level sits at $32.01. If the price goes on to break the first support level at $26.17, it is likely to go to the next support level at $24.48. Should the price break the second support level, the third support level stands at $23.25.
Bakkt Holdings Inc (NYSE: BKKT) Key Stats
Market capitalization of the company is 399.69 million based on 13,671K outstanding shares. Right now, sales total 780,140 K and income totals -74,850 K. The company made 328,420 K in profit during its latest quarter, and -2,890 K in sales during its previous quarter.
