Bakkt (BKKT) Stock Price, News & Analysis

Company Overview

Bakkt Holdings, Inc. (NYSE: BKKT) operates a regulated digital asset platform designed to bridge traditional finance and the emerging cryptocurrency economy. Founded in 2018 as a subsidiary of Intercontinental Exchange (ICE), the company offers institutional-grade solutions for trading, storing and spending digital assets. Through its regulated marketplace, Bakkt provides clients with access to bitcoin futures contracts, cash-settled options and other derivatives products, enabling market participants to manage risk and gain exposure to digital asset classes within a compliant framework.

In addition to its institutional offerings, Bakkt has developed a consumer-facing ecosystem that includes a digital wallet and mobile application. Individual users can buy, sell and transfer cryptocurrencies such as bitcoin, while also earning rewards points and loyalty benefits tied to partner programs in retail, travel and entertainment sectors. Its custody services leverage segregated cold storage and multi-party computation (MPC) technology to safeguard digital assets against cyber threats and operational risks.

Throughout its evolution, Bakkt has expanded its product suite via strategic partnerships and acquisitions. In 2019, the firm launched bitcoin futures on ICE Futures U.S. and acquired Apex Crypto to bolster its custody capabilities. The company completed a business combination with a special purpose acquisition company (SPAC) in 2021, resulting in its public listing on the New York Stock Exchange under the ticker “BKKT.” Bakkt continues to pursue global market opportunities, working with merchant acquirers and payment networks to facilitate cryptocurrency settlement and loyalty redemption.

Headquartered in Atlanta, Georgia, Bakkt operates within a U.S. regulatory environment under the oversight of the Commodity Futures Trading Commission (CFTC) and other financial regulators. CEO Gavin Michael, who joined the company in 2020, leads an executive team with deep experience across technology, financial services and risk management. With a focus on building scalable infrastructure for digital assets, Bakkt aims to serve both institutional investors and retail consumers as the digital economy continues to expand.

Key Stats

• Today's Range: $19.35 to $21.36
• 50-Day Range: $8.98 to $20.78
• 52-Week Range: $6.81 to $37.21
• Volume: 514,110 shs
• Average Volume: 493,052 shs
• Market Capitalization: $271.13 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Bakkt Stock Analysis - MarketRank™

Bakkt scored higher than 1% of companies evaluated by MarketBeat, and ranked 320th out of 320 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Bakkt.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bakkt is -3.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bakkt is -3.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bakkt has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

29.93% of the float of Bakkt has been sold short.

Short Interest Ratio / Days to Cover

Bakkt has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Bakkt has recently increased by 26.06%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bakkt does not currently pay a dividend.

Dividend Growth

Bakkt does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

29.93% of the float of Bakkt has been sold short.

Short Interest Ratio / Days to Cover

Bakkt has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Bakkt has recently increased by 26.06%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

5 people have searched for BKKT on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

1 people have added Bakkt to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Bakkt insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $389,588.00 in company stock.

Percentage Held by Insiders

Only 2.50% of the stock of Bakkt is held by insiders.

Percentage Held by Institutions

Only 11.11% of the stock of Bakkt is held by institutions.

BKKT Stock Analysis - Frequently Asked Questions

How have BKKT shares performed this year?

Bakkt's stock was trading at $24.77 on January 1st, 2025. Since then, BKKT stock has decreased by 21.3% and is now trading at $19.49.

How were Bakkt's earnings last quarter?

Bakkt Holdings, Inc. (NYSE:BKKT) announced its quarterly earnings results on Monday, May, 12th. The company reported ($2.81) earnings per share for the quarter, missing analysts' consensus estimates of ($0.73) by $2.08. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $17.20 million. Bakkt had a negative trailing twelve-month return on equity of 88.55% and a negative net margin of 0.83%.
Read the conference call transcript.

When did Bakkt's stock split?

Shares of Bakkt reverse split on the morning of Monday, April 29th 2024.The 1-25 reverse split was announced on Tuesday, April 23rd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 26th 2024. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

How do I buy shares of Bakkt?

Shares of BKKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Bakkt own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bakkt investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Phunware (PHUN) and Inuvo (INUV).

Company Calendar

• Last Earnings: 5/12/2025
• Today: 7/14/2025
• Next Earnings (Estimated): 8/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Banking
• Current Symbol: NYSE:BKKT
• CIK: 1820302
• Web: www.victoryparkcapital.com
• Phone: 678-534-5849
• Fax: N/A
• Employees: 760
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($4.94)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$46.66 million
• Net Margins: -0.83%
• Pretax Margin: -1.78%
• Return on Equity: -88.55%
• Return on Assets: -10.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.58
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $3.71 billion
• Price / Sales: 0.07
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.59 per share
• Price / Book: 4.25

Miscellaneous

• Outstanding Shares: 13,911,000
• Free Float: 13,563,000
• Market Cap: $271.13 million
• Optionable: Optionable
• Beta: 5.35