MARKET WIREBenzinga • 2d ago
Reported Earlier, Twenty One Completes Business Combination With Cantor Equity Partners And Lists On NYSE Under "XXI" With Over 43,500 BitcoinWhy BKKT Stock dropped -2.87% Today — RQD Quant Desk Flash
$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.
ROARABLE E • RED ALERT
Cap $229.0M
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER
Click Any Pre-Computed AI Quant Specialist Briefing on BKKT Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief)
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.
✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief)
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).
✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief)
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.
✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
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
42
Q2 (-2Q)Grade E$5.59-9.5% Next Q
39
Q3 (-1Q)Grade E$5.06+0.4% Next Q
37
CurrentGrade E$5.08-8.7% Hist 90D α
34
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
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”
AUTOMATED RQD QUANT DESK MOVER BRIEFINGFull Market News Desk →
Why BKKT Stock dropped -2.87% Today — RQD Quant Desk Flash
Bakkt Inc. (Class A) (BKKT) dropped -2.87% to $5.08, trading at 3% of its 52-week range ($4.44 – $28.5). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
- ▸Technical Tape: Trading at 3% of its 52-week range ($4.44 – $28.5) with RSI-14 at 27.2 (OVERSOLD (<32)).
- ▸Volatility Profile: Historical 20-day realized swing band of ±12.5% around $5.08 (no active unusual options sweep snapshot on file).
- ▸Fundamental Anchor: Roarable E (Strong Sell) backed by 52% gross margin and $0 annual free cash flow.
Live BKKT Headlines & Catalysts
RISK WATCHBenzinga • 2d ago
Binance Reserves $6.34B+ In Company Funds To Cover Hacking Incident, $5B Already Held In Impacted Token Assets; Figures Do Not Include Frozen Or Protected Assets$3B in assets frozen with help from industry partners, working with law enforcement to recover frozen assetsAll user funds will be verified publicly through our proof of reserves – Reuters
MARKET WIREYahoo • 3d ago
Mike Alfred joins Opendoor Board of DirectorsSAN FRANCISCO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), the e-commerce platform for residential real estate, today announced that Mike Alfred, Founder and Managing Partner
RISK WATCHSeekingAlpha • 3d ago
Bakkt: The $3 Billion Target Faces A Steep Execution TestBakkt's 2026 transaction volume target is encouraging, but weak margins and slow customer activation cast doubt on future upside. See why BKKT stock is a hold.
MARKET WIREYahoo • 10d ago
How Much Downside Is Left In Coinbase Stock?For questions about this article or underlying research, email help@trefis.com.
MARKET WIREBenzinga • 10d ago
Securitize shares are trading higher after Rosenblatt initiated its coverage on the stock with a Buy rating and announced a price target of $14.MARKET WIREYahoo • 10d ago
Should One Shrinking Number Scare You About Coinbase Stock?For questions about this article or underlying research, email help@trefis.com.
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?
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
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 0001820302In 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 ENABLEDIs 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 × FREDWhy is BKKT stock moving today?
Why BKKT Stock dropped -2.87% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.