BigBear.ai (NYSE:BBAI) Hits New 1-Year Low – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price reached a new 52-week low on Thursday. The stock traded as low as $2.07 and last traded at $2.1250, with a volume of 5,769,788 shares changing hands. The stock had previously closed at $2.30.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup reiterated a “market perform” rating on shares of BigBear.ai in a report on Wednesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Thursday, October 15th. Cantor Fitzgerald dropped their price target on BigBear.ai from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and a consensus price target of $4.50.

BigBear.ai Stock Down 7.6%

The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $2.56 and its 200-day moving average price is $3.48. The stock has a market capitalization of $1.02 billion, a PE ratio of -5.74 and a beta of 3.37.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Tuesday, October 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $43.58 million during the quarter, compared to analysts’ expectations of $29.93 million. BigBear.ai had a negative return on equity of 15.17% and a negative net margin of 126.84%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. A&I Financial Services LLC purchased a new position in shares of BigBear.ai in the 2nd quarter worth about $37,000. J. Derek Lewis & Associates Inc. bought a new stake in BigBear.ai during the 3rd quarter valued at about $27,000. Hollencrest Capital Management purchased a new position in BigBear.ai in the first quarter worth about $41,000. Park Avenue Securities LLC purchased a new position in BigBear.ai in the third quarter worth about $34,000. Finally, GTS Securities LLC bought a new position in shares of BigBear.ai in the second quarter worth approximately $49,000. 7.55% of the stock is currently owned by institutional investors.

About BigBear.ai

BigBear.ai Holdings, Inc. provides artificial intelligence and decision-intelligence solutions that help organizations analyze data and support complex operational decisions. Its services include data integration, predictive analytics, machine learning and computer vision, with applications in areas such as national security, defense, supply chain management and travel security. The company serves U.S. government customers as well as commercial organizations. Its offerings are designed to help customers combine information from multiple sources, identify patterns and improve planning and operational awareness.