BigBear.ai (NYSE:BBAI) Trading Up 9.1% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price rose 9.1% during mid-day trading on Thursday . The company traded as high as $2.29 and last traded at $2.28. Approximately 10,090,352 shares were traded during trading, an increase of 50% from the average daily volume of 6,716,629 shares. The stock had previously closed at $2.09.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BBAI shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 4.8 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.52. The company has a market cap of $548.79 million, a PE ratio of -2.48 and a beta of 3.46.

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

Insider Activity at BigBear.ai

In other BigBear.ai 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 completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $31,000. Baader Bank Aktiengesellschaft bought a new stake in BigBear.ai during the second quarter valued at $32,000. Keynote Financial Services LLC acquired a new stake in shares of BigBear.ai during the first quarter worth $45,000. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai in the 3rd quarter worth about $36,000. Finally, American International Group Inc. boosted its holdings in shares of BigBear.ai by 75.4% in the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after buying an additional 10,982 shares during the period. 7.55% of the stock is 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.