๐๐ ฑ๏ธ Uอ Lอ Lอ Iอ Sอ Hอ ๐บ๐ธ
Kia ora Tiger traders!
๐ BKKT: Riding the Bull Flag to $40+! ๐
Iโve just opened positions in BAKKT during overnight trading at $27.15, targeting a move to $40. Hereโs why Iโm bullish:
๐ Technical Analysis:
โข Bull Flag Pattern: BKKTโs chart reveals a classic bull flag, indicating potential for a strong upward breakout.
๐๏ธ Institutional Interest:
โข Major Stakeholders: Institutions like Vanguard and Horizon Kinetics hold significant positions, reflecting confidence in BKKTโs prospects.
๐ Market Position:
โข Crypto Integration: BKKT is at the forefront of digital asset management, poised to benefit from the growing adoption of cryptocurrency payment solutions.
๐ฐ Recent Developments:
โข Strategic Acquisition Talks: Reports suggest that Trump Media & Technology Group, owned by President-elect Donald Trump, is in advanced discussions to acquire Bakkt. This potential acquisition could significantly enhance BKKTโs market position and visibility. (nypost.com)
๐ก Why I Bought:
โข Technical Setup: The bull flag suggests a high-probability breakout.
โข Fundamental Strength: BKKTโs integration in the crypto space and potential acquisition news add to its appeal.
๐ฏ Price Target:
โข $40+ Objective: Based on technical projections and market momentum, Iโm aiming for a move to $40 and beyond.
Tiger traders, whatโs your take on BKKTโs trajectory? Are you joining the ride to $40+?
๐ข Please Like, Repost, and Follow me for sharp setups, stock trends, and actionable insights ๐๐ Iโm all about spotting the next movers and sharing strategies that deliver results! Letโs trade smarter and grow together! ๐๐๐
@Tiger_comments @TigerPicks @TigerPM @TigerStars @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Bakkt Holdings, Inc. (BKKT) Stock Analysis
Company Profile:
Bakkt Holdings, Inc. is a company involved in digital asset management and cryptocurrency payment solutions.
The company's earnings forecast for 2024FY is an estimated loss of $6.47 per share, with forecasted gross income of $66.22 million and a forecasted EBIT (Earnings Before Interest and Taxes) loss of $94.00 million.
The earnings forecast for 2025FY is an estimated loss of $2.37 per share, with forecasted gross income of $74.04 million and a forecasted EBIT loss of $68.50 million.
As of the latest data, there is 1 hold recommendation from analysts for BKKT.
Stock Performance:
The stock is currently trading at $27.49 as of December 30, 2024.
The average cost of the stock is $20.94, while the support and resistance prices are $10.88 and $35.28, respectively.
The stock has experienced a recent capital flow pattern of -200.54K, 120.78K, -110.08K, -145.08K, and 208.99K units on December 19, 20, 23, 24, and 26, respectively.
The profiteer ratio, as of December 27, 2024, stands at 0.9229, indicating a profit in stock trading.
Analyst Target Price:
One analyst forecasts a target price for BKKT, with a mean estimate of $13.0.
Recent Earnings Result:
The company's latest earnings report for 2024Q3 shows an EPS (Earnings Per Share) of -0.45. The gross profit margin is -5.27%, and the net profit margin is -0.88%.
Other financial ratios include a return on equity (ROE) of -23.55%, a quick ratio of 0.06, a current ratio of 1.05, a total asset turnover of 1.08, and a return on investment (ROI) of -51.81%.
Market Analysis:
Technical analysis suggests a bullish breakout potential based on the bull flag pattern observed in BKKT's chart.
Institutional interest is evident with significant positions held by institutions like Vanguard and Horizon Kinetics, indicating confidence in BKKT's prospects.
BKKT's integration in the digital asset management industry and the potential acquisition by Trump Media & Technology Group contribute to its appeal.
Disclaimer:Please note that the above analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. The stock market is subject to inherent risks, and stock prices can fluctuate.
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