Bakkt Holdings Inc

Company Profile

Bakkt Holdings Inc had its IPO on 2020-11-19 under the ticker symbol BKKT.

The company operates in the Technology sector and Software-Infrastructure industry. Bakkt Holdings Inc has a staff strength of 1,037 employees.

Stock update

Shares of Bakkt Holdings Inc opened at $1.3 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.25 - $1.36, and closed at $1.26.

This is a -2.33% slip from the previous day's closing price.

A total volume of 1,157,211 shares were traded at the close of the day’s session.

In the last one week, shares of Bakkt Holdings Inc have slipped by -11.27%.

Bakkt Holdings Inc's Key Ratios

Bakkt Holdings Inc has a market cap of $125.15 million, indicating a price to book ratio of 0.6446 and a price to sales ratio of 2.3139.

In the last 12-months Bakkt Holdings Inc’s revenue was $55.02 million with a gross profit of $-113044000 and an EBITDA of $-149108000. The EBITDA ratio measures Bakkt Holdings Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Bakkt Holdings Inc’s operating margin was -308.55% while its return on assets stood at -7.59% with a return of equity of -155.37%.

In Q1, Bakkt Holdings Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 3.6%.

Bakkt Holdings Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-8.4 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Bakkt Holdings Inc’s profitability.

Bakkt Holdings Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0.6864. Its price to sales ratio in the trailing 12-months stood at 2.3139.

Bakkt Holdings Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$413.30 million

Total Liabilities

$84.30 million

Operating Cash Flow

$69.70 million

Capital Expenditure

$3.70 million

Dividend Payout Ratio

0%

Bakkt Holdings Inc ended 2024 with $413.30 million in total assets and $0 in total liabilities. Its intangible assets were valued at $413.30 million while shareholder equity stood at $89.20 million.

Bakkt Holdings Inc ended 2024 with $0 in deferred long-term liabilities, $84.30 million in other current liabilities, 8000.00 in common stock, $-690400000.00 in retained earnings and $15.90 million in goodwill. Its cash balance stood at $50.80 million and cash and short-term investments were $117.60 million. The company’s total short-term debt was $3,323,000 while long-term debt stood at $0.

Bakkt Holdings Inc’s total current assets stands at $282.30 million while long-term investments were $0 and short-term investments were $66.80 million. Its net receivables were $25.40 million compared to accounts payable of $49.00 million and inventory worth $0.

In 2024, Bakkt Holdings Inc's operating cash flow was $69.70 million while its capital expenditure stood at $3.70 million.

Comparatively, Bakkt Holdings Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.26

52-Week High

$3.79

52-Week Low

$1.08

Analyst Target Price

$1.27

Bakkt Holdings Inc stock is currently trading at $1.26 per share. It touched a 52-week high of $3.79 and a 52-week low of $3.79. Analysts tracking the stock have a 12-month average target price of $1.27.

Its 50-day moving average was $1.48 and 200-day moving average was $1.49 The short ratio stood at 12.8 indicating a short percent outstanding of 0%.

Around 2092.5% of the company’s stock are held by insiders while 3417.3% are held by institutions.