BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 21,060,000 shares, an increase of 26.4% from the July 31st total of 16,660,000 shares. Based on an average trading volume of 4,750,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 21.8% of the shares of the company are short sold.
BigBear.ai Stock Performance
Shares of BBAI traded down $0.03 during trading hours on Friday, hitting $1.59. The company had a trading volume of 2,468,844 shares, compared to its average volume of 8,309,660. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $4.80. The firm has a market cap of $391.26 million, a price-to-earnings ratio of -1.77 and a beta of 3.52. The business has a fifty day moving average of $1.46 and a 200-day moving average of $1.76. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99.
BigBear.ai (NYSE:BBAI – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The business had revenue of $39.78 million for the quarter, compared to analyst estimates of $46.55 million. During the same period last year, the firm earned ($0.12) earnings per share. BigBear.ai’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts anticipate that BigBear.ai will post -0.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, August 21st. HC Wainwright dropped their price objective on shares of BigBear.ai from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.
Insider Buying and Selling at BigBear.ai
In other news, Director Pamela Joyce Braden purchased 140,939 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $1.49 per share, for a total transaction of $209,999.11. Following the completion of the purchase, the director now directly owns 446,396 shares in the company, valued at approximately $665,130.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On BigBear.ai
Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in BigBear.ai in the 4th quarter valued at about $26,000. Price T Rowe Associates Inc. MD bought a new position in BigBear.ai in the 1st quarter valued at about $31,000. Baader Bank Aktiengesellschaft bought a new position in BigBear.ai in the 2nd quarter valued at about $32,000. Avondale Wealth Management bought a new position in BigBear.ai in the 1st quarter valued at about $33,000. Finally, Hartline Investment Corp bought a new position in BigBear.ai in the 1st quarter valued at about $39,000. 7.55% of the stock is owned by institutional investors.
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.