BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-high trading volume on Wednesday . Approximately 11,081,596 shares changed hands during trading, an increase of 53% from the previous session’s volume of 7,229,414 shares.The stock last traded at $2.75 and had previously closed at $2.83.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $641.51 million, a price-to-earnings ratio of -2.88 and a beta of 3.58. The firm has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.57.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD purchased a new position in BigBear.ai during the first quarter valued at approximately $31,000. Baader Bank Aktiengesellschaft purchased a new position in BigBear.ai during the second quarter valued at approximately $32,000. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai in the third quarter valued at approximately $36,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai in the second quarter valued at approximately $58,000. Finally, Intech Investment Management LLC purchased a new stake in shares of BigBear.ai in the third quarter valued at approximately $61,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.