BigBear.ai (NYSE:BBAI) Hits New 12-Month Low – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $2.07 and last traded at $2.1750, with a volume of 12,137,661 shares traded. The stock had previously closed at $2.12.

Wall Street Analyst Weigh In

BBAI has been the subject of several analyst reports. Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald decreased their price objective on BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average target price of $5.00.

BigBear.ai Price Performance

The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.04 billion, a P/E ratio of -10.36 and a beta of 3.37. The firm’s fifty day moving average price is $2.81 and its 200-day moving average price is $3.39.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The company had revenue of $36.75 million for the quarter, compared to the consensus estimate of $36.37 million. During the same period in the previous year, the firm earned ($0.71) earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of BigBear.ai by 19.7% during the third quarter. Farther Finance Advisors LLC now owns 59,103 shares of the company’s stock valued at $157,000 after acquiring an additional 9,737 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of BigBear.ai during the second quarter worth about $1,362,000. Engineers Gate Manager LP bought a new stake in shares of BigBear.ai in the second quarter worth about $194,000. NewEdge Advisors LLC grew its stake in shares of BigBear.ai by 14.4% in the second quarter. NewEdge Advisors LLC now owns 135,886 shares of the company’s stock worth $499,000 after purchasing an additional 17,143 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in BigBear.ai by 46.6% during the 2nd quarter. Squarepoint Ops LLC now owns 268,279 shares of the company’s stock valued at $985,000 after purchasing an additional 85,228 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence, machine learning and data analytics solutions designed to help organizations make decisions in complex, data-intensive environments. The company’s capabilities include predictive analytics, computer vision, data integration, cloud-based systems and decision-support tools that help customers monitor conditions, identify risks, forecast outcomes and coordinate operations.

The company primarily serves the U.S. government, including defense, intelligence, national security, border security and transportation-related agencies.