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Bakkt Holdings Inc (BKKT) Stock: The Story of a 52-Week Stock Range

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Bakkt Holdings Inc’s current trading price is -84.73% away from its 52-week high, while its distance from the 52-week low is 2.19%. The stock’s price range during this period has varied between $0.41 and $2.75. The company, active in the Technology sector, saw a trading volume of around 5.44 million for the day, considerably lower average daily volume of 6.22 million observed over the last three months.

Bakkt Holdings Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.75 on 12/29/23, while the lowest price during the same period was $0.41 on 03/27/24.

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How Financial Performance Impacts Market Capitalization

Bakkt Holdings Inc (BKKT) has experienced a quarterly decline of -81.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 56.28M and boasts a workforce of 747 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2622, with a change in price of -0.4915. Similarly, Bakkt Holdings Inc recorded 5,785,047 in trading volume during the last 100 days, posting a change of -53.92%.

How BKKT’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BKKT stands at 0.81. Similarly, the long-term debt-to-equity ratio is also 0.49.

BKKT Stock Stochastic Average

As of today, the raw stochastic average of Bakkt Holdings Inc over the last 50 days is at 0.76%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 3.55%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.54% and 17.13%, respectively.

BKKT Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -81.17%. However, over the past six months, we’ve seen a stronger performance of -64.10%. The price of BKKT leaped by -27.59% over the last 30 days. And in the last five days, it has fallen by -25.31%.

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