Bakkt Holdings Inc [NYSE: BKKT] price surged by 4.97 percent to reach at $0.02.
The one-year BKKT stock forecast points to a potential upside of 66.4. The average equity rating for BKKT stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Bakkt Holdings Inc [BKKT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKKT shares is $1.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKKT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Bakkt Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 29, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on July 19, 2022, representing the official price target for Bakkt Holdings Inc stock. Previously, the target price had yet another raise to $28, while Jefferies analysts kept a Hold rating on BKKT stock.
The Average True Range (ATR) for Bakkt Holdings Inc is set at 0.06, with the Price to Sales ratio for BKKT stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 0.72.
BKKT Stock Performance Analysis:
Bakkt Holdings Inc [BKKT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.62. With this latest performance, BKKT shares dropped by -19.23% in over the last four-week period, additionally sinking by -63.16% over the last 6 months – not to mention a drop of -71.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BKKT stock in for the last two-week period is set at 37.25, with the RSI for the last a single of trading hit 37.26, and the three-weeks RSI is set at 37.42 for Bakkt Holdings Inc [BKKT]. The present Moving Average for the last 50 days of trading for this stock 0.6624, while it was recorded at 0.4331 for the last single week of trading, and 1.2365 for the last 200 days.
Insight into Bakkt Holdings Inc Fundamentals:
Bakkt Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Bakkt Holdings Inc [BKKT] Institutonal Ownership Details
The top three institutional holders of BKKT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BKKT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BKKT stock with ownership which is approximately 5.8386%.
