Currently, there are 80.93M common shares owned by the public and among those 77.28M shares have been available to trade.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 5,068,374 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 4,279,622 shares.
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The company’s stock has a 5-day price change of -20.93% and 48.47% over the past three months. BKKT shares are trading -54.26% year to date (YTD), with the 12-month market performance down to -34.19% lower. It has a 12-month low price of $0.64 and touched a high of $2.75 over the same period. BKKT has an average intraday trading volume of 1.49 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -25.24%, -39.10%, and -27.52% respectively.
Institutional ownership of Bakkt Holdings Inc (NYSE: BKKT) shares accounts for 36.35% of the company’s 80.93M shares outstanding.
It has a market capitalization of $93.26M and a beta (3y monthly) value of 4.28. The earnings-per-share (ttm) stands at -$1.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.91% over the week and 10.91% over the month.
Analysts forecast that Bakkt Holdings Inc (BKKT) will achieve an EPS of -$0.13 for the current quarter, -$0.08 for the next quarter and -$0.37 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$1.24 a year ago. Earnings per share for the fiscal year are expected to increase by 88.95%, and 42.01% over the next financial year.
Looking at the support for the BKKT, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on September 29, 2022, with the firm’s price target at $2.50.