BigBear.ai (NYSE:BBAI) Announces Quarterly Earnings Results

BigBear.ai (NYSE:BBAI) posted its earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02, Briefing.com reports. The firm had revenue of $39.78 million during the quarter, compared to analyst estimates of $46.55 million. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Performance

Shares of NYSE BBAI traded down $0.06 during trading on Friday, reaching $1.34. The stock had a trading volume of 4,151,137 shares, compared to its average volume of 2,979,085. BigBear.ai has a one year low of $1.16 and a one year high of $4.80. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $329.75 million, a PE ratio of -1.49 and a beta of 3.52. The firm’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.80.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price objective on BigBear.ai from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday.

Insider Activity

In related news, Director Pamela Joyce Braden acquired 140,939 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average cost of $1.49 per share, for a total transaction of $209,999.11. Following the purchase, the director now directly owns 446,396 shares in the company, valued at $665,130.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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.