BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares saw unusually-strong trading volume on Tuesday . Approximately 12,220,446 shares were traded during trading, an increase of 84% from the previous session’s volume of 6,630,913 shares.The stock last traded at $2.02 and had previously closed at $1.76.

Analysts Set New Price Targets

Several brokerages have issued reports on BBAI. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a market capitalization of $514.96 million, a P/E ratio of -2.23 and a beta of 3.46. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The business’s 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.52.

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

Insider Buying and Selling at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BBAI. Price T Rowe Associates Inc. MD bought a new stake in BigBear.ai in the 1st quarter worth about $31,000. Baader Bank Aktiengesellschaft bought a new position in shares of BigBear.ai in the second quarter worth approximately $32,000. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the third quarter valued at about $36,000. Keynote Financial Services LLC purchased a new position in BigBear.ai in the 1st quarter worth approximately $45,000. Finally, American International Group Inc. boosted its position in shares of BigBear.ai by 75.4% during the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after acquiring an additional 10,982 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

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.