BigBear.ai (NYSE:BBAI) Sees Large Volume Increase – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares saw unusually-high trading volume on Wednesday . Approximately 8,903,770 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 8,433,125 shares.The stock last traded at $2.80 and had previously closed at $3.11.

Wall Street Analyst Weigh In

BBAI has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market cap of $761.78 million, a price-to-earnings ratio of -3.08 and a beta of 3.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average of $1.94 and a 200 day moving average of $1.63.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD bought a new position in shares of BigBear.ai in the 1st quarter valued at about $31,000. Baader Bank Aktiengesellschaft bought a new position in BigBear.ai during the second quarter worth about $32,000. Sovereign Financial Group Inc. bought a new position in BigBear.ai during the third quarter worth about $36,000. XTX Topco Ltd bought a new position in BigBear.ai during the second quarter worth about $58,000. Finally, Intech Investment Management LLC bought a new position in BigBear.ai during the third quarter worth about $61,000. 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.