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 Thursday . Approximately 10,384,964 shares were traded during mid-day trading, a decline of 67% from the previous session's volume of 31,338,531 shares.The stock last traded at $3.64 and had previously closed at $3.39.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, December 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Up 21.8 %

The stock's 50 day simple moving average is $2.95 and its two-hundred day simple moving average is $2.02. The firm has a market cap of $1.03 billion, a P/E ratio of -4.54 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

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

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BBAI. Geode Capital Management LLC grew its stake in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares during the period. State Street Corp grew its position in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. Bank of Montreal Can grew its position in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. Bank of New York Mellon Corp raised its stake in BigBear.ai by 160.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after buying an additional 189,593 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in shares of BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after buying an additional 174,815 shares during the last quarter. Hedge funds and other 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.