In yesterday’s Wall Street session, BigBear.ai Holdings Inc (NYSE:BBAI) shares traded at $1.59, down -9.66% from the previous session.
BBAI stock price is now 0.77% away from the 50-day moving average and -7.25% away from the 200-day moving average. The market capitalization of the company currently stands at $397.62M.
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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 859,317 shares of the company’s stock on Nov 05 ’24. The stock was bought for $1,383,500 at an average price of $1.61. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, Director BBAI Ultimate Holdings, LLC sold 562,400 shares of the business’s stock. A total of $995,448 was realized by selling the stock at an average price of $1.77. This leaves the insider owning 142,306,748 shares of the company worth $226.27 million. A total of 59.97% 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 2.09, a current ratio of 2.06, and a quick ratio of 2.10. The fifty day moving average price for BBAI is $1.5798 and a two-hundred day moving average price translates $1.71595 for the stock.
The latest earnings results from BigBear.ai Holdings Inc (NYSE: BBAI) was released for 2024-09-30. The net profit margin was -109.90% and return on equity was -738.19% 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.
