BigBear.ai Holdings Inc (NYSE: BBAI) Stock: More Upside Ahead?

In the last trading session, 1.72 million BigBear.ai Holdings Inc (NYSE:BBAI) shares changed hands as the company’s beta touched 3.13. With the company’s per share price at $1.80 changed hands at $0.01 or 0.56% during last session, the market valuation stood at $282.28M. BBAI’s last price was a discount, traded about -276.11% off its 52-week high of $6.77. The share price had its 52-week low at $0.58, which suggests the last value was 67.78% up since then. When we look at BigBear.ai Holdings Inc’s average trading volume, we note the 10-day average is 3.05 million shares, with the 3-month average coming to 2.30 million.

Analysts gave the BigBear.ai Holdings Inc (BBAI) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended BBAI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. BigBear.ai Holdings Inc’s EPS for the current quarter is expected to be -$0.06.

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BigBear.ai Holdings Inc (NYSE:BBAI) trade information

Instantly BBAI was in green as seen at the end of in last trading. With action 15.38%, the performance over the past five days has been green. The jump to weekly highs of 2.0900 on Friday, 11/17/23 added 0.56% to the stock’s daily price. The company’s shares are showing year-to-date upside of 167.18%, with the 5-day performance at 15.38% in the green. However, in the 30-day time frame, BigBear.ai Holdings Inc (NYSE:BBAI) is 33.33% up. Looking at the short shares, we see there were 6.97 million shares sold at short interest cover period of 5.6 days.

The consensus price target for the stock as assigned by Wall Street analysts is $3.50, meaning bulls need an upside of 48.57% from its current market value. According to analyst projections, BBAI’s forecast low is $2.00 with $4.50 as the target high. To hit the forecast high, the stock’s price needs a -150.0% plunge from its current level, while the stock would need to soar -11.11% for it to hit the projected low.

BigBear.ai Holdings Inc (BBAI) estimates and forecasts

Data shows that the BigBear.ai Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.55% over the past 6 months, a 64.21% in annual growth rate that is considerably higher than the industry average of 3.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for BigBear.ai Holdings Inc will rise 73.90%, while the growth in revenue is estimated to hit 68.40% for the next quarter. Year-over-year growth is forecast to reach 2.40% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $42.99 million. 4 analysts are of the opinion that BigBear.ai Holdings Inc’s revenue for the quarter ending Mar 2024 will be $42.68 million. The company’s revenue for the corresponding quarters a year ago was $40.36 million and $42.15 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.50%. The estimates for the next quarter sales put growth at 1.20%.

The 2023 estimates are for BigBear.ai Holdings Inc earnings to increase by 71.84%.

BBAI Dividends

BigBear.ai Holdings Inc is expected to release its next quarterly earnings report on November 07.

BigBear.ai Holdings Inc (NYSE:BBAI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 75.27% of BigBear.ai Holdings Inc shares while 4.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.99%. There are 4.20% institutions holding the BigBear.ai Holdings Inc stock share, with Armistice Capital, LLC the top institutional holder. As of Jun 29, 2023, the company held 4.81% of the shares, roughly 7.5 million BBAI shares worth $17.62 million.

Bank of America Corporation holds the second largest percentage of outstanding shares, with 1.72% or 2.68 million shares worth $6.29 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 0.7 million shares estimated at $1.15 million under it, the former controlled 0.45% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.44% of the shares, roughly 0.69 million shares worth around $1.61 million.

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