BigBear.ai (NYSE:BBAI) Issues Earnings Results

BigBear.ai (NYSE:BBAI) posted its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02, Briefing.com reports. The company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Price Performance

NYSE:BBAI traded up $0.15 on Thursday, reaching $1.74. The stock had a trading volume of 7,359,695 shares, compared to its average volume of 6,577,300. The company has a market capitalization of $433.88 million, a P/E ratio of -1.93 and a beta of 3.46. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $4.80. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average price of $1.58 and a 200-day moving average price of $1.51.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

BBAI has been the topic of a number of recent research reports. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday.

About BigBear.ai

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.