Bakkt (NYSE:BKKT) Releases Earnings Results

Bakkt (NYSE:BKKT) announced its earnings results on Wednesday. The company reported ($2.95) earnings per share (EPS) for the quarter, Zacks reports. Bakkt had a negative return on equity of 62.65% and a negative net margin of 2.84%.

Bakkt Price Performance

Shares of BKKT stock traded down $0.07 during trading hours on Wednesday, reaching $9.26. 593,111 shares of the company were exchanged, compared to its average volume of 451,210. Bakkt has a fifty-two week low of $5.57 and a fifty-two week high of $37.21. The stock’s fifty day moving average is $17.77 and its two-hundred day moving average is $17.57. The company has a market cap of $126.57 million, a price-to-earnings ratio of -0.76 and a beta of 5.47.

Bakkt Company Profile

Bakkt Holdings, Inc offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants.