Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Bakkt Holdings, Inc. manages a robust digital asset platform. This platform empowers individuals to seamlessly buy, sell, exchange, and spend various digital currencies. The company serves a diverse client base, including merchants, retailers, and financial organizations. Bakkt has entered into a strategic collaboration with Global Payments to jointly develop and implement new uses for digital assets. Key initiatives from this partnership involve integrating cryptocurrency redemption into customer loyalty programs for bankcard clients and enhancing Bakkt's banking-as-a-service offerings to broaden consumer access to cryptocurrencies. Founded in 2018, the firm, which was formerly known as VPC Impact Acquisition Holdings, is based in Alpharetta, Georgia. Bakkt Holdings, Inc. functions as a subsidiary of Intercontinental Exchange Holdings, Inc.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'c