BigBear.ai Holdings Inc (BBAI) Is Down -8.41% in 2024 With Lots of Room to Run

BigBear.ai Holdings Inc (NYSE: BBAI) is -8.41% lower on its value in year-to-date trading and has touched a low of $1.16 and a high of $5.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBAI stock was last observed hovering at around $1.85 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $1.96, the stock is 10.70% and 6.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.24 million and changing 5.95% at the moment leaves the stock 4.79% off its SMA200. BBAI registered -59.42% loss for a year compared to 6-month gain of 15.29%. The firm has a 50-day simple moving average (SMA 50) of $3.07 and a 200-day simple moving average (SMA200) of -$10.16.

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The stock witnessed a -1.51% loss in the last 1 month and extending the period to 3 months gives it a 27.27%, and is 24.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.65% over the week and 7.54% over the month.

Profit margin for the company is -44.53%. Distance from 52-week low is 68.97% and -62.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.26%).

BigBear.ai Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $42.75M over the same period.The EPS is expected to grow by 70.53% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.

BigBear.ai Holdings Inc (BBAI) Top Institutional Holders

87 institutions hold shares in BigBear.ai Holdings Inc (BBAI), with institutional investors hold 23.88% of the company’s shares. The shares outstanding are 117.07M, and float is at 50.38M with Short Float at 18.27%. Institutions hold 7.73% of the Float.

The top institutional shareholder in the company is Armistice Capital, LLC with over 7.5 million shares valued at $17.62 million. The investor’s holdings represent 4.81% of the BBAI Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of America Corporation with 2.68 million shares valued at $6.29 million to account for 1.72% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.07 million shares representing 1.33% and valued at over $4.86 million, while Vanguard Group Inc holds 0.53% of the shares totaling 0.83 million with a market value of $1.95 million.

BigBear.ai Holdings Inc (BBAI) Insider Activity

A total of 4 insider transactions have happened at BigBear.ai Holdings Inc (BBAI) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider purchase by Braden Pamela Joyce,the company’sDirector. SEC filings show that Braden Pamela Joyce bought 50,025 shares of the company’s common stock on Dec 15 at a price of $1.92 per share for a total of $96048.0. Following the purchase, the insider now owns 0.31 million shares.

BigBear.ai Holdings Inc disclosed in a document filed with the SEC on Dec 15 that Dinu Raluca (Director) sold a total of 13,029 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $1.92 per share for $25016.0. Following the transaction, the insider now directly holds 0.77 million shares of the BBAI stock.

Still, SEC filings show that on Dec 15, Katz Avi S (Director) disposed off 13,028 shares at an average price of $1.92 for $25014.0. The insider now directly holds 773,375 shares of BigBear.ai Holdings Inc (BBAI).