BigBear.ai (NYSE:BBAI) Sees Unusually-High Trading Volume - Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw strong trading volume on Tuesday . 43,035,049 shares changed hands during trading, a decline of 14% from the previous session's volume of 50,297,376 shares.The stock last traded at $8.56 and had previously closed at $7.78.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price objective on BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st.

BigBear.ai Trading Up 0.3%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $2.27 billion, a P/E ratio of -10.00 and a beta of 3.46. The stock has a 50-day moving average of $4.30 and a two-hundred day moving average of $4.28.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. During the same quarter in the prior year, the business posted ($0.67) earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer directly owned 270,061 shares of the company's stock, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the transaction, the director owned 255,239 shares of the company's stock, valued at $918,860.40. This trade represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,987 shares of company stock worth $614,608. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Large investors have recently modified their holdings of the company. Flaharty Asset Management LLC bought a new position in BigBear.ai in the first quarter worth approximately $26,000. City State Bank bought a new position in BigBear.ai in the first quarter worth approximately $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the first quarter worth $29,000. Enterprise Bank & Trust Co acquired a new position in shares of BigBear.ai during the second quarter worth $68,000. Finally, Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.

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