BKKT Stock Summary and Trading Ideas (Bakkt Hldgs | NYSE:BKKT)

Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell, and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.

Bakkt Hldgs trades on the NYSE stock market under the symbol BKKT.

As of December 13, 2024, BKKT stock price climbed to $28.82 with 706,713 million shares trading.

BKKT has a beta of 1.70, meaning it tends to be more sensitive to market movements. BKKT has a correlation of 0.02 to the broad based SPY ETF.

BKKT has a market cap of $186.65 million. This is considered a Micro Cap stock.

Last quarter Bakkt Hldgs reported $328 million in Revenue and -$.45 earnings per share. This beat revenue expectation by $311 million and exceeded earnings estimates by $1.15.

In the last 3 years, BKKT traded as high as $345.00 and as low as $5.57.

The top ETF exchange traded funds that BKKT belongs to (by Net Assets): BKCH, VTI, VXF, SATO, IWC.

BKKT has underperformed the market in the last year with a return of -36.7%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BKKT shares. However, BKKT has outperformed the market in the last 3 month and 2 week periods, returning +158.7% and +3.5%, while SPY returned +7.8% and +0.3%, respectively. This indicates BKKT has been having a stronger performance recently.

BKKT support price is $24.65 and resistance is $29.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKKT shares will trade within this expected range on the day.