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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 15,210,575 shares changed hands during mid-day trading, an increase of 67% from the previous session's volume of 9,098,437 shares.The stock last traded at $3.22 and had previously closed at $2.99.

Analyst Upgrades and Downgrades

BBAI has been the subject of a number of analyst reports. 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 reiterated a "buy" rating and set a $3.00 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Up 13.7 %

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 company has a market capitalization of $851.99 million, a PE ratio of -3.74 and a beta of 3.58. The business's 50 day simple moving average is $2.08 and its 200 day simple moving average is $1.68.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period in the prior year, the business earned $0.03 EPS. The business's revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock valued at $1,006,000 after acquiring an additional 643,570 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $31,000. Vanguard Group Inc. boosted its stake in BigBear.ai by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company's stock valued at $4,228,000 after buying an additional 168,076 shares in the last quarter. 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 valued at $62,000 after acquiring an additional 23,597 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock valued at $154,000 after purchasing an additional 68,663 shares in the last quarter. Institutional investors 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.