BigBear.ai Holdings Inc (NYSE: BBAI) Is Up 5.14% Year-To-Date, But Analysts Find Room For A Price Rally

BigBear.ai Holdings Inc (NYSE:BBAI) traded at $2.25 at close of the session on current trade day and made a downward move of -8.16% on its previous day’s price.

Looking at the stock we see that its previous close was $2.45 and the beta (5Y monthly) reads 3.182 with the day’s price range being $2.215 – $2.63. In terms of its 52-week price range, BBAI has a high of $4.80 and a low of $1.16. The company’s stock has gained about 41.51% over that past 30 days.

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BigBear.ai Holdings Inc has a market cap of $630.76 million and is expected to release its quarterly earnings report in December.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 54.16M, with a low of 52.94M and a high of 54.8M. The median projection represents growth squeezing down to 33.53% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 168.57M, or 8.64% up from figures reported last year.

On the other hand, looking at the outlook for the BBAI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.

Looking further, we note the current price level is 22.28% off its SMA20 and 32.85% from its 50-day simple moving average. The RSI (14) is pointing at 63.80 while the volatility over the past week is 13.96% and jumps to 9.43% over the past one month. The beta value is 3.33, while the average true range (ATR) is currently pointing at 0.18. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are -33.33% and -33.33% off the current price level respectively, although investors could be excited at the prospect of a -33.33% if the BBAI share price touches on the median price of $3.

Coming back to BigBear.ai Holdings Inc (NYSE:BBAI), we note that the average 3-month trading volume was 5.06 million, while that of the preceding 10-day period stands at 12.41 million. Current shares outstanding are 157.29 million.

The insiders hold 57.01% of the company’s shares while institutions hold 9.90%. The data shows that short shares as of 2024-10-31, stood at 20.61 million at a short ratio of 5.08. This represents a 1970.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 21.23 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 5.14% up in year-to-date price movement.

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