The stock of BigBear.ai Holdings Inc (NYSE:BBAI) last traded at $2.21, down -9.43% from the previous session.
BBAI stock price is now -1.37% away from the 50-day moving average and 17.18% away from the 200-day moving average. The market capitalization of the company currently stands at $348.30M.
With the price target of $3, Cantor Fitzgerald recently initiated with Overweight rating for BigBear.ai Holdings Inc (NYSE: BBAI). On October 02, 2023, TD Cowen recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $2, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, HAYES DOROTHY D, Director sold 12,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $29,194 at an average price of $2.43. Upon completion of the transaction, the Director now directly owns 209,401 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director BBAI Ultimate Holdings, LLC sold 8,009,447 shares of the business’s stock. A total of $20,424,090 was realized by selling the stock at an average price of $2.55. This leaves the insider owning 144,428,232 shares of the company worth $319.19 million. A total of 74.37% of the company’s stock is owned by insiders.
During the past 12 months, BigBear.ai Holdings Inc has had a low of $1.16 and a high of $4.80. The fifty day moving average price for BBAI is $2.2450 and a two-hundred day moving average price translates $1.8859 for the stock.
The latest earnings results from BigBear.ai Holdings Inc (NYSE: BBAI) was released for Dec, 2023. According to the Information Technology Services Company, earnings per share came in at -$0.14, missing analysts’ expectations of -$0.05 by -0.09. This compares to -$0.23 EPS in the same period last year. The net profit margin was -38.90% and return on equity was -288.00% for BBAI. The company reported revenue of $40.56 million for the quarter, compared to $40.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.51 percent. For the current quarter, analysts expect BBAI to generate $43.74M in revenue.
BigBear.ai Holdings Inc(BBAI) 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. It serves nation defense and intelligence agencies, border protection, transportation security, manufacturing, distribution and logistics, travel, entertainment, and tourism sectors. The company is headquartered in Columbia, Maryland.
