Stocks of BigBear.ai Holdings Inc (NYSE:BBAI) traded higher last session on Wall Street, down -3.55% to $1.36.
BBAI stock price is now -18.01% away from the 50-day moving average and -24.05% away from the 200-day moving average. The market capitalization of the company currently stands at $334.67M.
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With the price target of $3, Cantor Fitzgerald recently initiated with Overweight rating for BigBear.ai Holdings Inc (NYSE: BBAI). On October 02, 2023, TD Cowen recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $2, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Braden Pamela Joyce, Director bought 140,939 shares of the company’s stock on Jun 03 ’24. The stock was bought for $209,999 at an average price of $1.49. Upon completion of the transaction, the Director now directly owns 446,396 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Chief Accounting Officer Ricker Sean Raymond sold 36,250 shares of the business’s stock. A total of $75,038 was realized by selling the stock at an average price of $2.07. This leaves the insider owning 99,428 shares of the company worth $0.14 million. A total of 59.64% of the company’s stock is owned by insiders.
During the past 12 months, BigBear.ai Holdings Inc has had a low of $1.16 and a high of $4.80. As of last week, the company has a debt-to-equity ratio of 1.92, a current ratio of 1.98, and a quick ratio of 1.98. The fifty day moving average price for BBAI is $1.6442 and a two-hundred day moving average price translates $1.79065 for the stock.
The latest earnings results from BigBear.ai Holdings Inc (NYSE: BBAI) was released for 2024-03-31. The net profit margin was -109.01% and return on equity was -585.20% for BBAI. The company reported revenue of $33.12 million for the quarter, compared to $42.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.43 percent.
