A better buy-in window may exist right now for Bakkt Holdings Inc (BKKT)

With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.81 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $32.65 whereas the lowest price it dropped to was $30.1. The 52-week range on BKKT shows that it touched its highest point at $68.75 and its lowest point at $5.57 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 5.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BKKT was up-trending over the past week, with a rise of 21.86%, but this was up by 170.32% over a month. Three-month performance surged to 178.94% while six-month performance rose 85.45%. The stock lost -35.24% in the past year, while it has lost -45.11% so far this year.

Float and Shares Shorts:

At present, 6.47 million BKKT shares are outstanding with a float of 5.93 million shares on hand for trading. On 2024-10-31, short shares totaled 0.8 million, which was 1269.0000000000002 higher than short shares on 1727654400. In addition to Mr. Andrew A. Main as the firm’s President, CEO & Director, Ms. Karen J. Alexander CFA serves as its CFO & Principal Financial Officer.

Institutional Ownership:

Through their ownership of 0.23635 of BKKT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BKKT reported revenue of $328419000.0 and operating income of -$26357000.0. The EBITDA in the recently reported quarter was -$45208000.0 and diluted EPS was -$0.45.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BKKT since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of -$6.47 being high and -$6.47 being low. For BKKT, this leads to a yearly average estimate of -$6.47. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.