BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-high trading volume on Tuesday . Approximately 12,220,446 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 6,630,913 shares.The stock last traded at $2.02 and had previously closed at $1.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a market capitalization of $514.96 million, a PE ratio of -2.23 and a beta of 3.46. The stock has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.52. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the business posted $0.03 EPS. BigBear.ai’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD acquired a new position in BigBear.ai during the first quarter valued at approximately $31,000. Baader Bank Aktiengesellschaft acquired a new position in BigBear.ai during the 2nd quarter worth approximately $32,000. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai during the 3rd quarter worth approximately $36,000. Keynote Financial Services LLC bought a new stake in shares of BigBear.ai in the first quarter worth $45,000. Finally, American International Group Inc. grew its position in BigBear.ai by 75.4% in the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after purchasing an additional 10,982 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.