How to Buy Bakkt Holdings Stock
Bakkt Holdings Inc
VPC Impact Acquisition Holdings focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Bakkt Holdings stock last closed at $1.43, up 2.88% from the previous day, and has decreased 49.82% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.5 percentage points. Bakkt Holdings stock is currently +32.41% from its 52-week low of $1.08, and -62.27% from its 52-week high of $3.79.
There are currently 272.68M BKKT shares outstanding. The market value of BKKT is $389.93M. In the last 24 hours, 373,891 BKKT shares were traded.
How to Buy Bakkt Holdings Stock
Not sure how to invest in Bakkt Holdings stock? Here's how.
- Decide where to buy Bakkt Holdings stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Bakkt Holdings stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your information.
- Analyze Bakkt Holdings stock: The Bakkt Holdings ticker symbol is BKKT. Is Bakkt Holdings stock a good investment? Should you buy shares of BKKT? How do BKKT's underlying business fundamentals look? Do top analysts think Bakkt Holdings is a good buy? Why has BKKT's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if BKKT is a good stock to buy).
- Make your BKKT trade: Decide if you will purchase BKKT shares at the current market price or use a limit order to buy BKKT stock at a specific price.
- Get updates on your BKKT position: Create a watchlist to important updates regarding your position in Bakkt Holdings stock.
Step 1: Decide where to buy Bakkt Holdings stock
You need a brokerage account in order to access the NYSE market and buy BKKT stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you are able to buy BKKT stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to open your new brokerage account.
- Send your info by clicking the "Create Account" button.
Step 3: Fund your investment account
Now that you've finished signing up on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Check out the video below for more details transferring funds into your investment account.
Step 4: Analyze Bakkt Holdings stock
Once you have identified the best place to buy Bakkt Holdings stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Bakkt Holdings stock at a glance
Fundamentals of BKKT
WallStreetZen was designed to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on BKKT's stock page.
Is BKKT stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge BKKT's intrinsic value.
Using relative valuations measures:
- BKKT may be undervalued based on its P/B ratio of 4.37x, relative to Software - Infrastructure industry P/B ratio of 11.75x
You can do additional valuation research on BKKT's stock here.
How do BKKT Financials look?
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the BKKT balance sheet.
- BKKT has cash burn of 162822000. It has sufficient cash and short-term investments to cover this for at least one year.
- BKKT has $204.14M in cash and short term investments. This is sufficient to cover its annual cash burn of $162.82M.
- There are more short-term assets than short-term liabilities on the BKKT balance sheet.
Failed Financial Due Diligence Checks:
- BKKT has a relatively high debt to equity ratio of 1.29.
- BKKT profit margin has gone down from -268.6% to -1,063.1% in the past year.
Is it a good time to buy Bakkt Holdings stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on BKKT, the consensus analyst rating on BKKT is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent BKKT Analyst Upgrades/Downgrades
Andrew Bond, a top 27% analyst from Rosenblatt reiterates BKKT with a strong buy rating and maintains their BKKT price target from $2.10 to $2.10, on May 12, 2023.
Jeff Cantwell, a top 25% analyst from Wells Fargo maintains BKKT with a hold rating and lowers their BKKT price target from $2.50 to $2.00, on Jan 9, 2023.
You can dive deeper into what analysts are forecasting on the Bakkt Holdings stock forecast page.
BKKT Technicals
Is BKKT Making Money?
Last year, BKKT revenue was $55.02M. During the past two year, BKKT's revenue has gone up by 2.69% per year. This was slower than the Software - Infrastructure industry average of 17.12%.
Learn more about BKKT's earnings and revenue performance here.
Who is buying/selling BKKT?
In the last year, executives and large shareholders at BKKT have sold more shares than they have bought.
Vpc Impact Acquisition Holdings Sponsor LLC, Director of BKKT, was the latest BKKT insider to sell. They sold $77,593.48 worth of BKKT shares on May 18, 2023.
Research more about who owns BKKT shares here.
Can I rely on BKKT as an income stream?
No, Bakkt Holdings doesn't provide an income stream by paying out dividends.
What do other investors have to say about BKKT?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your BKKT trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your BKKT position
Now that you own some shares in BKKT, you'll want to keep up with your new company.
Put BKKT on a watchlist to keep tabs on your BKKT stock.
BKKT Feed
How to Buy Stock in Bakkt Holdings
To reiterate, here are the 6 steps to buy stock in Bakkt Holdings:
- Decide where to buy Bakkt Holdings stock
- Open a brokerage account
- Fund your investment account
- Analyze Bakkt Holdings stock
- Make your BKKT trade
- Get updates on your BKKT position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Bakkt Holdings, add BKKT to your watchlist below.
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