The trading price of BigBear.ai Holdings Inc (NYSE:BBAI) closed higher on Friday, December 06, and closing at $3.38, 18.18% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.09 and $3.6299. In examining the 52-week price action we see that the stock hit a 52-week high of $4.80 and a 52-week low of $1.16. Over the past month, the stock has gained 112.58% in value.
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BigBear.ai Holdings Inc, whose market valuation is $1.00 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 53.55M for the current quarter, with the likely lows of 52.91M and highs of 54.8M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 168.26M.
On the technical side, indicators suggest BBAI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that BBAI’s price is currently 53.92% off the SMA20 and 82.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.89, and weekly volatility stands at 21.14%. When measured over the past 30 days, the indicator reaches 13.28%. BigBear.ai Holdings Inc (NYSE:BBAI)’s beta value is currently sitting at 3.29, while the Average True Range indicator is currently displaying 0.31. With analysts defining $3-$3 as the low and high price targets, we arrive at a consensus price target of $3 for the trailing 12-month period. The current price is about 11.24% off the estimated low and 11.24% off the forecast high, based on this estimate. Investors will be thrilled if BBAI’s share price rises to $3, which is the median consensus price. At that level, BBAI’s share price would be 11.24% above current price.
To see how BigBear.ai Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BBAI stock’s performance was 18.18% in the latest trading, and 101.19% in the past year.
An evaluation of the daily trading volume of BigBear.ai Holdings Inc (NYSE:BBAI) indicates that the 3-month average is 8.19 million. However, this figure has increased over the past 10 days to an average of 32.47.
Currently, records show that 250.06 million of the company’s shares remain outstanding. The insiders hold 53.08% of outstanding shares, whereas institutions hold 9.92%. The stats also highlight that short interest as of 2024-11-15, stood at 20.19 million shares, resulting in a short ratio of 3.66 at that time. From this, we can conclude that short interest is 1920.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 20.63 million. However, since the stock’s price has seen 57.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
