BigBear.ai Holdings Inc (BBAI) Slumps 18.65%, A Gain For Bears

BigBear.ai Holdings Inc (NYSE:BBAI) has a beta value of 3.30 and has seen 68.74 million shares traded in the last trading session. The company, currently valued at $709.82M, closed the last trade at $2.99 per share which meant it gained $0.47 on the day or 18.65% during that session. The BBAI stock price is -60.54% off its 52-week high price of $4.80 and 61.2% above the 52-week low of $1.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 51.7 million shares traded. The 3-month trading volume is 13.39 million shares.

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

Sporting 18.65% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BBAI stock price touched $2.99 or saw a rise of 16.01%. Year-to-date, BigBear.ai Holdings Inc shares have moved 39.72%, while the 5-day performance has seen it change -18.31%. Over the past 30 days, the shares of BigBear.ai Holdings Inc (NYSE:BBAI) have changed 72.83%. Short interest in the company has seen 17.52 million shares shorted with days to cover at 1.74.

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Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 0.33% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -0.33% off the targeted high while a plunge would see the stock gain -0.33% from current levels.

BigBear.ai Holdings Inc (BBAI) estimates and forecasts

Figures show that BigBear.ai Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 126.52% over the past 6 months, with this year growth rate of -87.50%, compared to 15.00% for the industry. Revenue growth from the last financial year stood is estimated to be 8.44%.

3 analysts offering their estimates for the company have set an average revenue estimate of 53.55M for the current quarter. 2 have an estimated revenue figure of 40.03M for the next ending quarter. Year-ago sales stood 40.56M and 33.12M respectively for this quarter and the next, and analysts expect sales will grow by 32.01% for the current quarter and 8.44% for the next.

BBAI Dividends

BigBear.ai Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 36.78% of the company shares, while shares held by institutions stand at 9.93% with a share float percentage of 15.71%. Investors are also buoyed by the number of investors in a company, with BigBear.ai Holdings Inc having a total of 127.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.54 million shares worth more than $9.87 million. As of 2024-06-30, BLACKROCK INC. held 3.49% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 3.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.71 million and represent 1.664% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 1.24% shares in the company for having 3.1 shares of worth $9.28 million while later fund manager owns 2.7 shares of worth $8.07 million as of Sep 30, 2024 , which makes it owner of about 1.08% of company’s outstanding stock.