BigBear.ai (NYSE:BBAI) Shares Climb 11.1% – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 11.1% during mid-day trading on Tuesday. The stock traded as high as $2.36 and last traded at $2.3550. 13,089,332 shares were traded during trading, a decline of 64% from the average session volume of 36,160,711 shares. The stock had previously closed at $2.12.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Thursday, October 15th. Cantor Fitzgerald reduced their price objective on BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen lowered BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

BigBear.ai Price Performance

The business’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $3.70. The company has a market capitalization of $1.12 billion, a P/E ratio of -11.12 and a beta of 3.37. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $36.75 million during the quarter, compared to the consensus estimate of $36.37 million. BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.71) EPS. As a group, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently made changes to their positions in the business. A&I Financial Services LLC acquired a new stake in shares of BigBear.ai in the second quarter worth $37,000. Krilogy Financial LLC acquired a new stake in BigBear.ai in the 1st quarter valued at about $43,000. Hollencrest Capital Management acquired a new position in shares of BigBear.ai during the first quarter valued at $41,000. Park Avenue Securities LLC acquired a new position in shares of BigBear.ai in the 3rd quarter valued at $34,000. Finally, GTS Securities LLC bought a new stake in shares of BigBear.ai in the 2nd quarter valued at $49,000. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc (NYSE: BBAI) is an artificial intelligence company that develops decision-intelligence solutions for government and commercial organizations. Its technologies are designed to help customers analyze complex data, identify risks and opportunities, and support planning and operational decision-making.

The company provides artificial intelligence and machine-learning capabilities across areas such as supply-chain management, cyber operations, logistics, autonomous systems, predictive analytics, and computer vision.