BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-high trading volume on Thursday . Approximately 10,384,964 shares were traded during trading, a decline of 67% from the previous session’s volume of 31,338,531 shares.The stock last traded at $3.64 and had previously closed at $3.39.

Analyst Upgrades and Downgrades

BBAI has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

The business has a 50-day moving average of $2.95 and a two-hundred day moving average of $2.02. The company has a market cap of $1.03 billion, a P/E ratio of -4.49 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $41.51 million for 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 firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % 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 the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the third quarter worth about $36,000. XTX Topco Ltd acquired a new stake in shares of BigBear.ai during the second quarter worth about $58,000. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth about $61,000. The Manufacturers Life Insurance Company lifted its holdings in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of BigBear.ai during the third quarter worth about $131,000. Institutional investors and hedge funds 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.