The price of Bakkt Holdings Inc (NYSE:BKKT) shares last traded on Wall Street fell -0.71% to $29.50.
BKKT stock price is now 160.62% away from the 50-day moving average and 102.28% away from the 200-day moving average. The market capitalization of the company currently stands at $403.31M.
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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 350,880 shares of the company’s stock on Apr 25 ’24. The stock was bought for $304,213 at an average price of $0.87. Upon completion of the transaction, the 10% Owner now directly owns 649,934 shares in the company, valued at $19.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, 10% Owner Intercontinental Exchange, Inc bought 2,762,009 shares of the business’s stock. A total of $2,394,662 was incurred on buying the stock at an average price of $0.87. This leaves the insider owning 7,476,345 shares of the company worth $220.55 million. A total of 8.58% of the company’s stock is owned by insiders.
During the past 12 months, Bakkt Holdings Inc has had a low of $5.57 and a high of $68.75. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.05, and a quick ratio of 1.05. The fifty day moving average price for BKKT is $10.962 and a two-hundred day moving average price translates $14.5982 for the stock.
The latest earnings results from Bakkt Holdings Inc (NYSE: BKKT) was released for 2024-06-30. The net profit margin was -2.84% and return on equity was -90.45% for BKKT. The company reported revenue of $328.42 million for the quarter, compared to $204.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.38 percent. For the current quarter, analysts expect BKKT to generate $21.61M in revenue.
