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Bakkt Holdings, Inc.Bakkt Holdings, Inc.Bakkt Holdings, Inc.

Bakkt Holdings, Inc.

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BKKT trade ideas

BKKTThis is a corporate action where a company reduces the number of its outstanding shares and simultaneously increases the price of each share proportionally. For example, in a 1-for-10 reverse split, if you held 100 shares priced at $1 each, after the split, you would hold 10 shares priced at $10 each. The overall value of your holdings doesn’t change immediately because of the split, but the per-share market price increases. Companies might undertake a reverse split to boost their stock price and avoid being delisted from stock exchanges that have minimum share price requirements.
NYSE:BKKTLong
by AntonioNaVi
1
Crypto in Wonderland: Bakkt's Quantum Leap into the MetaverseIn the dynamic world of cryptocurrency, one company stands out amidst the digital tumult: Bakkt Holdings, Inc. (NYSE: NYSE:BKKT ). With a recent surge in its stock following the release of robust Q4 results and an ambitious outlook for FY24, Bakkt ( NYSE:BKKT ) is poised to redefine the industry's landscape. A Strong Financial Footing Bakkt's ( NYSE:BKKT ) Q4 earnings report showcased remarkable growth, with quarterly gross crypto services revenues soaring to $199.4 million, reflecting a staggering increase from the previous year. This surge in revenue was complemented by a strategic focus on expense management, evidenced by a substantial decline in operating expenses, excluding crypto costs. Moreover, Bakkt's recent completion of a direct offering further bolsters its liquidity, underlining a commitment to fortify its financial position. Strategic Initiatives for Growth Central to Bakkt's success narrative are its strategic initiatives outlined for FY24. The company's focus on broadening its client network and deepening existing relationships underscores a commitment to fostering long-term partnerships. With an eye on international expansion, particularly in Latin America and Asia, Bakkt ( NYSE:BKKT ) aims to capitalize on emerging opportunities. Product Expansion and Innovation Bakkt's foray into institutional crypto capabilities marks a pivotal juncture in its evolution. The recent launch of Collaborative Custody, in collaboration with Unchained Capital, underscores Bakkt's commitment to enhancing security standards in digital asset storage. Moreover, the imminent launch of institutional trading services promises to deliver a high-performance, low-cost trading venue, catering to the evolving needs of institutional clients. Prudent Expense Management A key pillar of Bakkt's strategy lies in prudent expense management. By diligently curbing operating expenses, Bakkt ( NYSE:BKKT ) aims to preserve its strong balance sheet and ensure judicious capital allocation. This disciplined approach not only enhances financial resilience but also instills investor confidence amidst market volatility. Charting a Path to Profitability With a revised outlook projecting substantial revenue growth for FY24, Bakkt ( NYSE:BKKT ) is steadfast in its pursuit of profitability. By leveraging its enhanced product suite and strategic partnerships, Bakkt ( NYSE:BKKT ) is well-positioned to capitalize on the burgeoning demand for cryptocurrency services. The appointment of Andy Main as President and CEO further ascertain a commitment to driving sustainable growth and value creation. Technical Outlook: Amidst the strong FY24 Reports, NYSE:BKKT is trading below the 200-day Moving Average with a weak Relative Strength Index (RSI) of 37.23 indicating a slow rising trend formation. The stock is up 4.44% in early market trading Tuesday.
NYSE:BKKTLong
by DEXWireNews
Watchlist 2023-03-21 $GOLD $AMZN $ON $WAL $ZION $PACW $RIOT $BKKSPY - gapping up into the top of the multi-day wedge top to 394.00 on news that the FED is CONSIDERING the option to backstop all distressed US bank deposits. This is effectively a bailout and another form of QE to increase liquidity. This also means that the fed's year end terminal rate could be more like 4.75 rather that 5.25, which bods well especially for tech. $AMZN - look juicy over 101. it will need to move a full ATR o $3 to get there but if we can position near the LOD and we see a trend day in tech, this could easily make it there and trade higher. For a trend day we'll need to see the $ADD pinned near +2000 and $VOLD ratio over 3. $ON - with strength in semis, ON looks prime from a breakout if it can hold over 80.85 Banks: $WAL, $ZION, $PACW Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO. Gold Miners $GOLD - losing momo as risk on assets become more attractive - GOLD looking at 17.50 for support. Crypto: $RIOT $ Held 8.00 nicely PD. waiting for a pullback into support of 8.25 to structure a long. Need to see buyers step in at this level immediately. $BKKT - looks good for an inside bar BO over 1.50
NYSE:BKKTLong
by UnclePennybagss
$BKKT Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
NYSE:BKKTLong
by BADQOMOCAWGOWLD
1
BKKT upside potentialCryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards. Bakkt has announced a separate deal with Fiserv . Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet. Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app. I see an easy upside to $17.20 for the stock.
NYSE:BKKTLong
by TopgOptions
BAKKT High RR Long Option PlayBKKT isnt going anywhere, owned by ICE who owns the NYSE, partnerships with Mastercard, Starbucks, Google, etc... Listed at $8 bought the dip heavily around $4, 1 and 2 year $10 Calls already up 70-90% on them. Based on option chart and delta will either 20-40X or go to zero, thankfully I have two years and can layer out (gradually take profit). Ultimately depends on BTC and Legacy markets, FED, etc but high RR makes this trade worth a shot. As always, not financial advice!
NYSE:BKKTLong
by degentrader1111
BKKT trend reversal, Yes or NoThis is my first analysis I'm going to post. It is based on what I have learned over the past year and is therefore full of assumptions, wrong theories and wrongly applied methodologies. First the basics Company Vision: Connect the digital economy Bakkt is a company that focuses on providing an accessible digital tool that makes it easy for consumers to manage and combine cash and digital currencies. From the app they have developed, a digital wallet, they reward users for using it. This involves them involving users. For other companies, their platform offers an API so that other parties can connect in the Bakkt app. It allows other companies to leverage Bakkt's reach. Upcoming events February 17 Bakkt 4q21 Earnings Call, to be followed via a webcast From the Q3 report from BAKKT: Consumer app released including option to pay at starbucks partnership with Cantaloupe, Wyndham Rewards, Wells Fargo rewards, choice hotels Announcement of partnership with google an Finastra, Mastercard and Fiserv Fully appointed leadership team SEC declared S-4 effective 10-18-21 trading on NYSE 488mm deal proceeds to fund business From my opinion, I think that bakkt can play an important role in the wave of new users who are looking for an accessible first experience with crypto and with which payment, trade and money can be made directly in practice in a simple and reliable way. In short, when are the right times to buy shares of bakkt so that you can piggyback on its success. NYSE:BKKT It is clear that up until the beginning of February there was a downtrend. On the daily chart, we see that a recovery is underway but has yet to be confirmed. My expectation is that we will see a higher trough before we break the downward trend. This higher trough is between 5.60 and 6.60. There is also support. If it goes back up from this support, resistance will have to be broken first, it is around $9. My indication will be to get in around that point.
NYSE:BKKTLong
by buksienl
$BKKT Has Huge Upside Potential Hello traders, I want to talk to you about the upside potential with $BKKT For the past three trading sessions, price has traded above it’s 9 EMA pushing towards a heavily traded zone. If price can sustain it’s upward move through the Supply Zone (9.15-10.85) The next area to focus on is the $18 range where price had resistance on December 8th, 2021. Be ready to take action! This trend analysis is not to be taken as financial advice; always do your research. Questions are welcome in the comments below. Please support this idea with your like and comment, thank you 🙏
NYSE:BKKT
by BeyondBullishTrades