Bakkt (NYSE:BKKT) Releases Earnings Results

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

Bakkt Trading Down 0.8 %

Shares of BKKT traded down $0.07 on Wednesday, reaching $9.26. 611,260 shares of the company’s stock were exchanged, compared to its average volume of 451,223. The stock has a market capitalization of $126.57 million, a P/E ratio of -0.76 and a beta of 5.47. The business has a 50 day moving average price of $17.77 and a two-hundred day moving average price of $17.57. Bakkt has a 12 month low of $5.57 and a 12 month high of $37.21.

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.