BigBear.ai Holdings Inc (NYSE:BBAI) shares, rose in value, with the stock price up by 5.91% to the previous day’s close as strong demand from buyers drove the stock to $1.97.
Actively observing the price movement in the last trading, the stock closed the session at $1.86. The value of beta (5-year monthly) was 3.49. Referring to stock’s 52-week performance, its high was $4.80, and the low was $1.16. On the whole, BBAI has fluctuated by -54.50% over the past month.
With the market capitalization of BigBear.ai Holdings Inc currently standing at about $310.47 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 12, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to -$0.05 for fiscal year -$0.22 and then to about -$0.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be 45.00% in 2025, while the next year’s EPS growth is forecast to be 22.70%.
Analysts have estimated the company’s revenue for the quarter at $43.74 million, with a low estimate of $40.39 million and a high estimate of $46.37 million. According to the average forecast, sales growth in current quarter could jump up 3.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $202.77 million, representing an increase of 30.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BBAI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BBAI currently trading nearly -19.43% and -13.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.13, while the 7-day volatility ratio is showing 6.97% which for the 30-day chart, stands at 11.06%. Furthermore, BigBear.ai Holdings Inc (BBAI)’s beta value is 3.37, and its average true range (ATR) is 0.28.
A comparison of BigBear.ai Holdings Inc (BBAI) with its peers suggests the former has fared considerably weaker in the market. BBAI showed an intraday change of 5.91% in last session, and over the past year, it shrunk by -19.26%%.
Data on historical trading for BigBear.ai Holdings Inc (NYSE:BBAI) indicates that the trading volumes over the past 10 days have averaged 9.23 million and over the past 3 months, they’ve averaged 11.99 million. According to company’s latest data on outstanding shares, there are 157.29 million shares outstanding.
Nearly 67.48% of BigBear.ai Holdings Inc’s shares belong to company insiders and institutional investors own 7.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.16 million shares as on Mar 15, 2024, resulting in a short ratio of 0.54. According to the data, the short interest in BigBear.ai Holdings Inc (BBAI) stood at 5.84% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.8 million. The stock has fallen by -7.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBAI stock heading into the next quarter.
