BigBear.ai (NYSE:BBAI) Stock Price Up 11.1% - What's Next?

Key Points

• BigBear.ai shares jumped 11.1% to $2.3550 in Tuesday trading, although volume was 64% below the stock’s average daily volume.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with one Buy, one Hold, and one Sell rating; Cantor Fitzgerald also cut its price target from $5.00 to $4.00.
• The company met quarterly EPS expectations at a loss of $0.05 per share and reported $36.75 million in revenue, up 12.9% year over year, but it continues to post substantial losses, including a negative 65.2% net margin.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 11.1% on Tuesday. The company traded as high as $2.36 and last traded at $2.3550. 13,089,332 shares changed hands during trading, a decline of 64% from the average daily volume of 36,160,711 shares. The stock had previously closed at $2.12.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Performance

The stock has a market capitalization of $1.12 billion, a P/E ratio of -11.12 and a beta of 3.37. The business's fifty day moving average price is $2.72 and its two-hundred day moving average price is $3.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.67 and a current ratio of 5.67.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Park Avenue Securities LLC acquired a new stake in shares of BigBear.ai in the third quarter worth approximately $34,000. A&I Financial Services LLC acquired a new position in shares of BigBear.ai in the 2nd quarter valued at $37,000. Hollencrest Capital Management acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $41,000. Krilogy Financial LLC purchased a new position in shares of BigBear.ai during the first quarter worth $43,000. Finally, DV Trading LLC increased its stake in BigBear.ai by 160.8% during the 1st quarter. DV Trading LLC now owns 13,344 shares of the company's stock worth $47,000 after buying an additional 8,227 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.

About BigBear.ai

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.

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