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Bakkt Inc. (Class A) (BKKT) — RQD Stock Rating Cockpit

Q: Should I buy, hold, or sell BKKT stock right now?

Bakkt Inc. (Class A) (BKKT) currently earns a Roarable Rating of E (Strong Sell — SELL) with 34/100 RQD Confidence. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.

Q: What is BKKT's 12-month price target and RQD AI Jury consensus?

BKKT's 12-month base price target is $4.53 (range $3.53 to $29.93), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

$5.08 -2.87% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $5.04

Bakkt Inc. (Class A) (BKKT) carries a Roarable Rating of E (Strong Sell) with 34/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (34/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $229.0M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $5.04 (-0.71%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 3/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (34/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-8.7% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-10.8% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BKKT)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (34/100 Composite)

🔍 WHY BKKT SCORES 34/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+13/20 pts (38% of score)

FRED Regime × Technicals: 3% of 52W Range • RSI-14 at 27.2 (OVERSOLD (<32))

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (24% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$6.88-18.8% Next Q

Q2 (-2Q)

Grade E$5.59-9.5% Next Q

Q3 (-1Q)

Grade E$5.06+0.4% Next Q

Current

Grade E$5.08-8.7% Hist 90D α

Trajectory: D (42) → E (34)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BKKT Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BKKT currently carries a cautious 34/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($7.28) and Max Pain ($5.33) forces dealer call-delta covering toward $29.93.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BKKT• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “BKKT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 34%NO 66%Trade / Inspect Odds →

RSI-14 MOMENTUMOVERSOLD (<32)

27.230 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

1 / 99-Pt Accounting

52-WEEK LASER RANGE3% OF RANGE

L: $4$5.08H: $29

1. Money & Cash Health● WEAK

Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 3 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 10 / 40

3. Hidden Risks & Market Weather● WARNING

SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D+RQD 21 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on BKKT

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BEARISH (15)

-35.0% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

BEARISH (40)

Altman-Z 4.20 and Piotroski 1/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (38)

10/40 institutional & smart-money positioning score with 13/20 macro alignment.

Bull Case: Why Buyers Like BKKT

✓Established market leader in Financials with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BKKT)

✓Walkthrough of BKKT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

BKKT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -41.07%▼ SUPPORT BREAKDOWN

2026-10-30O $4.73H $5.08L $4.44C $5.08VOL 1.22M

RES: $9.79SUP: $5.26SMA50: $7.28SMA200: $8.86

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BKKT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BKKT Butterfly Map → + Track BKKT →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -32.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BKKT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BKKT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for BKKT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BKKT)

Financials Rank #1041 of 1096 ⚔️ ONIT vs BKKT Full Matrix →

1. Head-to-Head Financials Peer Comparison (BKKT vs. ONIT, HKD, CPSS, DGXX)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Bakkt Inc. (Class A) (BKKT) ranks #1041 by composite RQD confidence (34/100, grade E) and #863 by equity capitalization ($229.0M). Within this direct 5-issuer industry benchmark cohort, CPSS leads on earnings valuation at 11.3x trailing P/E, while ONIT leads on capital efficiency and profitability with 30.2% ROIC and — gross margin. CPSS currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with BKKT at 34/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
BKKT ACTIVE Bakkt Inc. (Class A)	E	34/100	—	—	-35.0%	-2.87%	$229.0M	Benchmark Subject
ONIT Onity Group Inc.	D+	52/100	—	—	30.2%	+1.72%	$231.9M	/onit-vs-bkkt →
HKD AMTD Digital Inc. (every five of which represent two ) (Class A)	C-	59/100	—	—	—	0.00%	$218.3M	/hkd-vs-bkkt →
CPSS Consumer Portfolio Services Inc.	C	63/100	11.3x	—	6.2%	+1.32%	$218.2M	/cpss-vs-bkkt →
DGXX Digi Power X Inc. Subordinate Voting Shares	E	24/100	—	—	-23.0%	-4.03%	$241.3M	/dgxx-vs-bkkt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001820302

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bakkt Inc. (Class A) (BKKT) reported GAAP revenue of $2.34B (-32.1% vs. FY2024 revenue of $3.44B , and +221.2% cumulative change since FY2023) , GAAP net income of -$107.2M, operating cash flow of -$153.4M, and free cash flow of -$153.4M (-623.5% YoY). On the balance sheet, BKKT closed FY2025 with $162.8M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$2.34B	-$107.2M	-$153.4M	-$153.4M	$162.8M	—
FY2024 (FY)	2024-12-31	$3.44B	-$46.7M	-$21.2M	-$21.2M	$269.4M	—
FY2023 (FY)	2023-12-31	$727.0M	-$74.9M	-$60.7M	-$60.7M	—	—

3. BKKT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BKKT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Bakkt Inc. (Class A) (NYSE: BKKT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $5.08 (-2.87% 1D, market cap $229.0M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 3/20. Across 1096 tracked Financials issuers, BKKT ranks #1041 in composite RQD confidence.

How does BKKT compare to ONIT and HKD in the Financials sector?

Within the Financials sector (Finance: Consumer Services), BKKT carries a Roarable E (34/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, ONIT (Onity Group Inc.) holds a D+ grade (52/100 RQD, P/E N/A, ROIC 30.2%, cap $231.9M) and HKD (AMTD Digital Inc. (every five of which represent two ) (Class A)) posts a C- grade (59/100 RQD, P/E N/A, ROIC —, cap $218.3M). Among the 5-stock peer group, CPSS leads on earnings multiple (11.3x) while ONIT leads on capital efficiency (30.2% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BKKT?

Per BKKT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001820302), Bakkt Inc. (Class A) generated $2.34B in revenue (-32.1% YoY), -$107.2M in net income, and -$153.4M in free cash flow against $162.8M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BKKT trading relative to its 50-day, 200-day, and 52-week technical levels?

BKKT last traded at $5.08 (-2.87% on volume of 850,721 shares), positioning the stock -30.22% below its 50-day simple moving average ($7.28) and -42.66% below its 200-day simple moving average ($8.86). Across its 52-week range of $4.44 to $28.50, BKKT sits at the 2.7% percentile with a 14-day RSI of 27.2 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($4.44 to $5.72).

BKKT Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell BKKT stock right now?

Bakkt Inc. (Class A) (BKKT) currently earns a Roarable Rating of E (Strong Sell — SELL) with 34/100 RQD Confidence. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.

What is BKKT's 12-month price target and RQD AI Jury consensus?

BKKT's 12-month base price target is $4.53 (range $3.53 to $29.93), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: BKKT RQD Cockpit BKKT 12M Forecast BKKT Earnings & Move BKKT Dividends & DRIP BKKT Insiders & 13F BKKT Whale Options BKKT Profit Sankey BKKT News & Why