BigBear.ai Holdings Inc (NYSE: BBAI) Stock Forecast 2024: Profitable With Bullish Signals

In the last trading session, 2.05 million shares of the BigBear.ai Holdings Inc (NYSE:BBAI) were traded, and its beta was 3.23. Most recently the company’s share price was $1.58, and it changed around $0.03 or 1.94% from the last close, which brings the market valuation of the company to $395.11M. BBAI currently trades at a discount to its 52-week high of $4.80, offering almost -203.8% off that amount. The share price’s 52-week low was $1.16, which indicates that the current value has risen by an impressive 26.58% since then. We note from BigBear.ai Holdings Inc’s average daily trading volume that its 10-day average is 2.39 million shares, with the 3-month average coming to 4.62 million.

BigBear.ai Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended BBAI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. BigBear.ai Holdings Inc is expected to report earnings per share of -0.07 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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

Instantly BBAI has showed a green trend with a performance of 1.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6000 on recent trading dayincreased the stock’s daily price by 1.25%. The company’s shares are currently down -26.17% year-to-date, but still up 22.48% over the last five days. On the other hand, BigBear.ai Holdings Inc (NYSE:BBAI) is 30.58% up in the 30-day period. We can see from the shorts that 23.04 million shares have been sold at a short interest cover period of 3.12 day(s).

BigBear.ai Holdings Inc (BBAI) estimates and forecasts

BigBear.ai Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.25 percent over the past six months and at a -97.50% annual growth rate that is well below the industry average of 12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -333.30% in revenue this quarter, and will report an increase of 57.10% in the next quarter. The year-over-year growth rate is expected to be 10.70%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 45.04M in revenue for the current quarter. 4 analysts expect BigBear.ai Holdings Inc to make 53.85M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 41.74M and 40.56M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.90%. Forecasts for the next quarter put sales growth at 32.80%.

BBAI Dividends

BigBear.ai Holdings Inc’s next quarterly earnings report is expected to be released in October.

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

Upon looking at major shareholders, it appears that insiders hold 59.59% of BigBear.ai Holdings Inc shares, and 8.51% of them are in the hands of institutional investors. The stock currently has a share float of 21.05%. BigBear.ai Holdings Inc stock is held by 123.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 3.49% of the shares, which is about 6.54 million shares worth $9.87 million.

VANGUARD GROUP INC, with 1.664% or 3.12 million shares worth $4.71 million as of 2024-06-30, holds the second largest percentage of outstanding shares.