BigBear.ai Holdings Inc (NYSE:BBAI) shares traded -7.85% lower at $1.76 on Wall Street last session.
BBAI stock price is now 18.22% away from the 50-day moving average and 1.37% away from the 200-day moving average. The market capitalization of the company currently stands at $440.12M.
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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, BBAI Ultimate Holdings, LLC, 10% Owner bought 572,817 shares of the company’s stock on Oct 15 ’24. The stock was bought for $1,094,080 at an average price of $1.91. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Director Braden Pamela Joyce bought 140,939 shares of the business’s stock. A total of $209,999 was incurred on buying the stock at an average price of $1.49. This leaves the insider owning 446,396 shares of the company worth $0.79 million. A total of 60.77% 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 2.01, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for BBAI is $1.4888 and a two-hundred day moving average price translates $1.73625 for the stock.
The latest earnings results from BigBear.ai Holdings Inc (NYSE: BBAI) was released for 2024-06-30. The net profit margin was -104.53% and return on equity was -748.57% for BBAI. The company reported revenue of $39.78 million for the quarter, compared to $38.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.44 percent.
