BigBear.ai (NYSE:BBAI) Hits New 12-Month Low - What's Next?

Key Points

• BigBear.ai shares fell to a new 52-week low of $2.07 during Wednesday trading, well below their 50-day and 200-day moving averages of $2.81 and $3.39, respectively.
• Analyst sentiment is mixed but leans cautious: Cantor Fitzgerald lowered its price target to $4 and maintained a neutral rating, while Wall Street Zen and Weiss Ratings issued sell assessments. The consensus rating is “Hold,” with an average target price of $5.
• The company’s latest quarter met EPS expectations at a loss of $0.05 while revenue rose 12.9% year over year to $36.75 million, but BigBear.ai remains unprofitable, with a negative net margin of 65.2% and negative return on equity of 13.44%.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $2.07 and last traded at $2.1750, with a volume of 12,137,661 shares trading hands. The stock had previously closed at $2.12.

Analyst Ratings Changes

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

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.67 and a quick ratio of 5.67. The company has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $3.39. The stock has a market cap of $1.04 billion, a P/E ratio of -10.36 and a beta of 3.37.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $36.75 million during the quarter, compared to analysts' expectations of $36.37 million. BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.71) EPS. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of BigBear.ai

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of BigBear.ai by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 59,103 shares of the company's stock worth $157,000 after acquiring an additional 9,737 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of BigBear.ai in the 2nd quarter worth approximately $1,362,000. Engineers Gate Manager LP bought a new stake in shares of BigBear.ai in the 2nd quarter worth approximately $194,000. NewEdge Advisors LLC boosted its stake in shares of BigBear.ai by 14.4% in the 2nd quarter. NewEdge Advisors LLC now owns 135,886 shares of the company's stock valued at $499,000 after purchasing an additional 17,143 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of BigBear.ai by 46.6% in the 2nd quarter. Squarepoint Ops LLC now owns 268,279 shares of the company's stock valued at $985,000 after purchasing an additional 85,228 shares in the last quarter. Institutional investors own 7.55% of the company's stock.

About BigBear.ai

BigBear.ai Holdings, Inc provides artificial intelligence, machine learning and data analytics solutions designed to help organizations make decisions in complex, data-intensive environments. The company's capabilities include predictive analytics, computer vision, data integration, cloud-based systems and decision-support tools that help customers monitor conditions, identify risks, forecast outcomes and coordinate operations.

The company primarily serves the U.S. government, including defense, intelligence, national security, border security and transportation-related agencies.

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