Bakkt, Inc. (BKKT)Technology | Software - Infrastructure | Atlanta, United States | NYSE
8.42 USD
+0.19
(2.309%)
⇧
(Aug. 27, 2026, 4 p.m.
EDT)
After hours: 8.43 +0.01 (0.119%) ⇧ (Aug. 27, 2026, 7:54 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:11 a.m. EDT
The long-term investment case is effectively broken. The company has endured four consecutive years of double-digit percentage declines, erasing over 96% of its value since the 2021 peak. Fundamentals confirm this destruction: revenue has collapsed by 70%, the business is burning cash with negative operating margins, and the stock trades at a forward P/E based on a tiny, uncertain earnings estimate rather than sustainable profitability. Despite a 'strong buy' analyst rating, this appears to be a reaction to a single potential turnaround catalyst rather than a validation of the business's current health. In the short term, the setup is dangerous. The stock is trading near its 52-week low, and the options market reflects a deep fear of further downside with heavy put positioning at strikes well below the current price. While some speculative call buying exists, it lacks the conviction to counteract the overwhelming bearish sentiment. The statistical forecast models also lean slightly negative, aligning with the broader picture of a struggling asset. Investors should avoid this security until there is concrete evidence of a sustained operational turnaround, not just a hopeful narrative. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.320697 |
| AutoETS | 0.321536 |
| MSTL | 0.334215 |
| AutoTheta | 0.403833 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 30% |
| H-stat | 2.18 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.023 |
| Excess Kurtosis | 1.01 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 0.018 |
| Revenue per Share | 42.629 |
| Market Cap | 379,484,832 |
| Forward P/E | 8.77 |
| Beta | 5.95 |
| Profit Margins | -2.78% |
| Website | https://www.bakkt.com |
As of Aug. 22, 2026, 4:11 a.m. EDT: Speculators are positioning aggressively for a crash, evidenced by massive open interest in deep out-of-the-money puts (strikes at $1, $2, and $3) which act as insurance against a further decline. Conversely, there is significant volume in far-out-of-the-money calls ($27, $30, $65 strikes) suggesting a speculative 'lottery ticket' bet on a massive recovery, while near-term call activity remains thin. This creates a volatile environment where traders are hedging downside while simultaneously placing asymmetric bets on a sudden reversal.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.039908767 |
| Address1 | 3,280 Peachtree Road NE |
| Address2 | 7th Floor |
| All Time High | 1,270.0 |
| All Time Low | 5.573 |
| Ask | 8.41 |
| Ask Size | 800 |
| Audit Risk | 5 |
| Average Daily Volume10 Day | 2,095,140 |
| Average Daily Volume3 Month | 1,425,700 |
| Average Volume | 1,425,700 |
| Average Volume10Days | 2,095,140 |
| Beta | 5.946 |
| Bid | 8.4 |
| Bid Size | 3,100 |
| Board Risk | 5 |
| Book Value | 7.865 |
| City | Atlanta |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.42 |
| Current Ratio | 3.14 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 8.77 |
| Day Low | 8.29 |
| Debt To Equity | 0.018 |
| Display Name | Bakkt |
| Earnings Call Timestamp End | 1,786,397,400 |
| Earnings Call Timestamp Start | 1,786,397,400 |
| Earnings Timestamp | 1,786,392,000 |
| Earnings Timestamp End | 1,794,254,400 |
| Earnings Timestamp Start | 1,794,254,400 |
| Ebitda | -117,949,000 |
| Ebitda Margins | -0.10577 |
| Enterprise To Ebitda | -2.778 |
| Enterprise To Revenue | 0.294 |
| Enterprise Value | 327,695,840 |
| Eps Current Year | 2.55 |
| Eps Forward | 0.96 |
| Eps Trailing Twelve Months | -3.99 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.9382 |
| Fifty Day Average Change | 0.48180008 |
| Fifty Day Average Change Percent | 0.06069387 |
| Fifty Two Week Change Percent | -3.9908767 |
| Fifty Two Week High | 49.79 |
| Fifty Two Week High Change | -41.370003 |
| Fifty Two Week High Change Percent | -0.83088976 |
| Fifty Two Week Low | 6.71 |
| Fifty Two Week Low Change | 1.71 |
| Fifty Two Week Low Change Percent | 0.25484353 |
| Fifty Two Week Range | 6.71 - 49.79 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,605,796,200,000 |
| Float Shares | 35,931,175 |
| Forward Eps | 0.96 |
| Forward P E | 8.770834 |
| Free Cashflow | -33,939,000 |
| Full Exchange Name | NYSE |
| Full Time Employees | 48 |
| Fullday Change | 0.190001 |
| Fullday Change Percent | 2.30863 |
| Fullday Price | 8.43 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | -0.09854999 |
| Gross Profits | -109,895,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.39534 |
| Held Percent Institutions | 0.28347 |
| Implied Shares Outstanding | 45,069,458 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,714,348,800 |
| Last Split Factor | 1:25 |
| Long Business Summary | Bakkt, Inc. engages in digital building financial infrastructure business. The company offers Bakkt Market solutions, which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt's financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets. It also provides solutions that enable institutional participation in the digital asset economy. The company serves various clients, such as financial institutions, hedge funds, merchants, retailers, third party partners, and other businesses. It markets its products and services using various business-to-business channels, such as email marketing and targeted digital advertisements; indirect marketing; and its website, blog, and social media platforms. The company offers its services in the United States, Latin America, Europe, and Asia. The company was formerly known as Bakkt Holdings, Inc. and changed its name to Bakkt, Inc. in January 2026. Bakkt, Inc. was founded in 2018 and is headquartered in Atlanta, Georgia. |
| Long Name | Bakkt, Inc. |
| Market | us_market |
| Market Cap | 379,484,832 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_596916833 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -2,830,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 370,921,639 |
| Number Of Analyst Opinions | 1 |
| Open | 8.5 |
| Operating Cashflow | -84,380,000 |
| Operating Margins | -0.10795 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 332 203 3017 |
| Post Market Change | 0.010000229 |
| Post Market Change Percent | 0.11876756 |
| Post Market Price | 8.43 |
| Post Market Time | 1,787,874,875 |
| Previous Close | 8.23 |
| Price Eps Current Year | 3.301961 |
| Price Hint | 2 |
| Price To Book | 1.0705658 |
| Price To Sales Trailing12 Months | 0.34030667 |
| Profit Margins | -0.0278 |
| Quick Ratio | 1.985 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.190001 |
| Regular Market Change Percent | 2.30863 |
| Regular Market Day High | 8.77 |
| Regular Market Day Low | 8.29 |
| Regular Market Day Range | 8.29 - 8.77 |
| Regular Market Open | 8.5 |
| Regular Market Previous Close | 8.23 |
| Regular Market Price | 8.42 |
| Regular Market Time | 1,787,860,802 |
| Regular Market Volume | 1,256,408 |
| Return On Assets | -0.25011 |
| Return On Equity | -0.1017 |
| Revenue Growth | -0.701 |
| Revenue Per Share | 42.629 |
| Sand P52 Week Change | 0.1890428 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 45,069,458 |
| Shares Percent Shares Out | 0.1363 |
| Shares Short | 6,142,190 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 6,320,220 |
| Short Name | Bakkt, Inc. |
| Short Percent Of Float | 0.2608 |
| Short Ratio | 6.37 |
| Source Interval | 15 |
| State | GA |
| Symbol | BKKT |
| Target High Price | 12.0 |
| Target Low Price | 12.0 |
| Target Mean Price | 12.0 |
| Target Median Price | 12.0 |
| Total Cash | 51,852,000 |
| Total Cash Per Share | 1.15 |
| Total Debt | 63,000 |
| Total Revenue | 1,115,126,016 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -3.99 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 10.5018 |
| Two Hundred Day Average Change | -2.0817995 |
| Two Hundred Day Average Change Percent | -0.19823265 |
| Type Disp | Equity |
| Volume | 1,256,408 |
| Website | https://www.bakkt.com |
| Zip | 30,305 |