BKKT Should I Buy
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Bakkt Inc (BKKT) is not a strong buy for a beginner, long-term investor at this moment. The technical indicators are bearish, insider selling is significantly high, and there are no strong positive catalysts or proprietary trading signals to support immediate investment. While the company has shown revenue growth and improved net income, the gross margin decline and negative EPS remain concerns. It is better to wait for clearer signs of improvement or positive momentum before investing.
The technical indicators for BKKT are bearish. The MACD histogram is negative and contracting, RSI is neutral at 37.918, and moving averages show a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock price is below the pivot level of 10.88, with support at 9.93 and resistance at 11.83.
Bakkt's partnership with Nexo to enhance compliant digital asset trading services in the U.S. market is a potential positive catalyst.
Insider selling has increased by 577.90% over the last month, which signals a lack of confidence from insiders. Additionally, ongoing legal investigations into shareholder rights could create uncertainty.
In Q3 2025, Bakkt's revenue increased by 22.47% YoY to $402.21M, and net income improved significantly by 415.66% YoY to -$14.92M. However, the gross margin dropped by 72.40% YoY to 1.3%, and EPS remains negative at -1.15 despite a 155.56% YoY improvement.
No recent analyst ratings or price target changes are available for BKKT.
