BigBear.ai (NYSE:BBAI) Issues Earnings Results

BigBear.ai (NYSE:BBAI) issued its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02, Briefing.com reports. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Performance

BBAI stock traded down $0.19 during trading hours on Wednesday, reaching $1.58. The stock had a trading volume of 4,092,212 shares, compared to its average volume of 6,555,074. The stock has a 50-day simple moving average of $1.58 and a 200 day simple moving average of $1.51. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $4.80. The stock has a market capitalization of $393.86 million, a PE ratio of -1.88 and a beta of 3.46. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10.

Analyst Ratings Changes

Several equities research analysts have commented on BBAI shares. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday.

Insider Transactions at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

About BigBear.ai

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.