The price of BigBear.ai Holdings Inc (NYSE:BBAI) shares last traded on Wall Street rose 18.65% to $2.99.
BBAI stock price is now 46.97% away from the 50-day moving average and 70.92% away from the 200-day moving average. The market capitalization of the company currently stands at $709.82M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, AE INDUSTRIAL PARTNERS, LP, 10% Owner bought 300,526 shares of the company’s stock on Dec 16 ’24. The stock was bought for $757,326 at an average price of $2.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, 10% Owner BBAI Ultimate Holdings, LLC bought 3,256,637 shares of the business’s stock. A total of $8,206,725 was incurred on buying the stock at an average price of $2.52. A total of 39.30% 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 2.06. The fifty day moving average price for BBAI is $2.0048 and a two-hundred day moving average price translates $1.7517 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 $41.51 million for the quarter, compared to $33.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.12 percent.
