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Bakkt Holdings Inc. (BKKT): Don’t ignore this Blaring Warning Signal

At the end of the latest market close, Bakkt Holdings Inc. (BKKT) was valued at $2.00. In that particular session, Stock kicked-off at the price of $1.98 while reaching the peak value of $2.04 and lowest value recorded on the day was $1.86. The stock current value is $1.92.Recently in News on January 3, 2023, Bakkt to Participate in Needham Growth Conference. Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in the 25th Annual Needham Growth Conference on Thursday, January 12, 2023. Gavin Michael, President and Chief Executive Officer, will participate in a presentation on the company at 3:00 PM ET. Management will also host one-on-one investor meetings throughout the day. You can read further details here

Bakkt Holdings Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.87 on 01/12/23, with the lowest value was $1.13 for the same time period, recorded on 01/03/23.

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Bakkt Holdings Inc. (BKKT) full year performance was -59.58%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bakkt Holdings Inc. shares are logging -78.69% during the 52-week period from high price, and 69.91% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.13 and $9.01.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 4443548 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Bakkt Holdings Inc. (BKKT) recorded performance in the market was 61.34%, having the revenues showcasing -8.57% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 512.06M, as it employees total of 579 workers.

The Analysts eye on Bakkt Holdings Inc. (BKKT)

During the last month, 0 analysts gave the Bakkt Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.99, with a change in the price was noted -0.69. In a similar fashion, Bakkt Holdings Inc. posted a movement of -26.44% for the period of last 100 days, recording 1,983,608 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BKKT is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical rundown of Bakkt Holdings Inc. (BKKT)

Raw Stochastic average of Bakkt Holdings Inc. in the period of last 50 days is set at 45.40%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 45.40%. In the last 20 days, the company’s Stochastic %K was 48.85% and its Stochastic %D was recorded 47.45%.

Considering, the past performance of Bakkt Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 61.34%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -28.62%, alongside a downfall of -59.58% for the period of the last 12 months. The shares increased approximately by -6.34% in the 7-day charts and went down by 44.36% in the period of the last 30 days. Common stock shares were lifted by -8.57% during last recorded quarter.

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