There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Bakkt Holdings Inc (BKKT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 2.92%, to $1.41. The Bakkt Holdings Inc has recorded 86,277 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Bakkt Announces Relaunch of Bakkt® Custody with Additional Functionality and Expanded Asset Support.
This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $1.37 and fluctuated between $1.6800 as its day high and $1.3350 as its day low. The current market capitalization of Bakkt Holdings Inc is $125.26M. A total of 6.8 million shares were traded on the day, compared to an average of 1.20M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, BKKT has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 20,909 shares. Over the last 12 months, there were 33 BUYs and 42 SELLs from insiders. Insiders purchased 5,068,374 shares during that period but sold 5,025,319.
In the most recent transaction, VPC Impact Acquisition Holding sold 600 shares of BKKT for 1.85 per share on Jul 19. After the transaction, the Director now owns 4,603,069 company shares. In a previous transaction on Jul 17, VPC Impact Acquisition Holding sold 40,585 shares at 1.87 per share. BKKT shares that Director owns now total 4,603,669.
Among the insiders who sold shares, VPC Impact Acquisition Holding disposed of 400,000 shares on Jul 14 at a per-share price of $2.07. This resulted in the Director holding 4,644,254 shares of BKKT after the transaction. In another insider transaction, VPC Impact Acquisition Holding sold 400,000 shares at $1.65 per share on Jul 13. Company shares held by the Director now total 5,044,254.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BKKT in the last 3 months, the mean price target is $1.07 with high estimates of $1.70 and low estimates of $0.50. In terms of 52-week highs and lows, BKKT has a high of $2.87 and a low of $0.64.
As of this writing, BKKT has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.29. The company reported an EPS of -$0.19 in the last quarter, which was 5.00% higher than expectations of -$0.2.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BKKT’s latest balance sheet shows that the firm has $391.40M in Cash & Short Term Investments as of fiscal 2021. There were $11.26M in debt and $73.50M in liabilities at the time. Its Book Value Per Share was $0.76, while its Total Shareholder’s Equity was $2.31B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BKKT is Buy with a score of 3.67.