BigBear.ai Holdings Inc (NYSE:BBAI) price on Wednesday, December 04, fall -7.77% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.61.
A look at the stock’s price movement, the close in the last trading session was $2.83, moving within a range at $2.5 and $2.99. The beta value (5-Year monthly) was 3.182. Turning to its 52-week performance, $4.80 and $1.16 were the 52-week high and 52-week low respectively. Overall, BBAI moved 62.11% over the past month.
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BigBear.ai Holdings Inc’s market cap currently stands at around $654.03 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 53.55M for the company’s revenue for the quarter, with a low and high estimate of 52.91M and 54.8M respectively. The average forecast suggests up to a 32.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 168.26M, representing a 8.44% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BBAI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
BBAI’s current price about 27.29% and 45.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.44, while 7-day volatility ratio is 18.11% and 12.30% in the 30-day chart. Further, BigBear.ai Holdings Inc (BBAI) has a beta value of 3.29, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -14.94% off current price level while to achieve the yearly target high, price needs to move -14.94%. Nonetheless, investors will most likely welcome a -14.94% jump to $3 which is the analysts’ median price.
If we refocus on BigBear.ai Holdings Inc (NYSE:BBAI), historical trading data shows that trading volumes averaged 20.86 over the past 10 days and 6.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 250.06 million shares.
The 53.59% of BigBear.ai Holdings Inc’s shares are in the hands of company insiders while institutional holders own 9.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.19 million on 2024-11-15, giving us a short ratio of 3.66. The data shows that as of 2024-11-15 short interest in BigBear.ai Holdings Inc (BBAI) stood at 1920.0 of shares outstanding, with shares short falling to 20.63 million registered in 2024-10-15. Current price change has pushed the stock 21.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BBAI stock continues to rise going into the next quarter.
