Bakkt (BKKT) Stock Price, News & Analysis

Company Overview

Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants. Its platform also offers a range of loyalty solutions, including redemption solutions for various rewards categories comprising travel, gift cards, and merchandise; travel solutions that offer a retail e-commerce booking platform, as well as live-agent booking and servicing; and unified shopping experience. The company was founded in 2018 and is headquartered in Alpharetta, Georgia.

Key Stats

• Today's Range: $24.10 to $25.38
• 50-Day Range: $8.96 to $31.60
• 52-Week Range: $5.57 to $68.75
• Volume: 297,189 shs
• Average Volume: 385,433 shs
• Market Capitalization: $330.81 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $13.13
• Consensus Rating: Hold

Bakkt Stock Analysis - MarketRank™

Bakkt scored higher than 4% of companies evaluated by MarketBeat, and ranked 326th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Bakkt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Bakkt has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bakkt is -2.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bakkt is -2.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bakkt has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.32% of the float of Bakkt has been sold short.

Short Interest Ratio / Days to Cover

Bakkt has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bakkt has recently increased by 13.09%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bakkt does not currently pay a dividend.

Dividend Growth

Bakkt does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.32% of the float of Bakkt has been sold short.

Short Interest Ratio / Days to Cover

Bakkt has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bakkt has recently increased by 13.09%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: -0.50

News Sentiment

Bakkt has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.84 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Bakkt this week, compared to 2 articles on an average week.

Search Interest

29 people have searched for BKKT on MarketBeat in the last 30 days. This is an increase of 2,800% compared to the previous 30 days.

MarketBeat Follows

9 people have added Bakkt to their MarketBeat watchlist in the last 30 days. This is an increase of 800% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bakkt insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.75% of the stock of Bakkt is held by insiders.

Percentage Held by Institutions

Only 11.11% of the stock of Bakkt is held by institutions.

BKKT Stock Analysis - Frequently Asked Questions

How have BKKT shares performed this year?

Bakkt's stock was trading at $55.75 at the beginning of 2024. Since then, BKKT stock has decreased by 56.2% and is now trading at $24.42.
View the best growth stocks for 2024 here.

How were Bakkt's earnings last quarter?

Bakkt Holdings, Inc. (NYSE:BKKT) posted its earnings results on Wednesday, August, 14th. The company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($1.77) by $0.90. The company earned $509.90 million during the quarter, compared to the consensus estimate of $877.20 million. Bakkt had a negative net margin of 2.84% and a negative trailing twelve-month return on equity of 62.65%.

When did Bakkt's stock split?

Bakkt shares reverse split on the morning of Monday, April 29th 2024. The 1-25 reverse split was announced on Tuesday, April 23rd 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 26th 2024. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

Who are Bakkt's major shareholders?

Top institutional shareholders of Bakkt include Horizon Kinetics Asset Management LLC (2.96%), Geode Capital Management LLC (0.48%), International Assets Investment Management LLC (0.14%) and Jane Street Group LLC (0.08%). Insiders that own company stock include Intercontinental Exchange, Inc, Gavin Constantine Michael, Impact Acquisition Holding Vpc, Marc D'annunzio, Sean Roberts Collins and Mark Sonbolian Elliot.
View institutional ownership trends.

How do I buy shares of Bakkt?

Shares of BKKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bakkt own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bakkt investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Phunware (PHUN) and Inuvo (INUV).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NYSE:BKKT
• CUSIP: N/A
• CIK: 1820302
• Web: www.victoryparkcapital.com
• Phone: 678-534-5849
• Fax: N/A
• Employees: 760
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.13
• High Stock Price Target: $18.75
• Low Stock Price Target: $7.50
• Potential Upside/Downside: -48.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($12.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-74,850,000.00
• Net Margins: -2.84%
• Pretax Margin: -7.42%
• Return on Equity: -62.65%
• Return on Assets: -5.94%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.05
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: $1.91 billion
• Price / Sales: 0.18
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.46 per share
• Price / Book: 3.40

Miscellaneous

• Outstanding Shares: 13,671,000
• Free Float: 13,432,000
• Market Cap: $346.56 million
• Optionable: Optionable
• Beta: 4.71