Oppenheimer slashes price target on BigBear.ai Holdings Inc. [BBAI] – find out why.

BigBear.ai Holdings Inc. [NYSE: BBAI] gained 8.81% or 0.23 points to close at $2.84 with a heavy trading volume of 4347158 shares. The company report on March 1, 2023 that BigBear.ai to Showcase AI/ML Situational Awareness and Predictive Forecasting Solution at Exclusive U.S. Naval Forces Central Command International Maritime Exercise 2023.

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The company will demo Ursa Minor on unmanned and autonomous platforms as part of the U.S. Navy’s goal of deploying the world’s first fleet of autonomous surface vessels.

BigBear.ai (NYSE: BBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the company has accepted an invitation to participate and collaborate with the U.S. Navy during International Maritime Exercise 23 (IMX 23). The three-week unmanned and artificial intelligence integration event in Bahrain and Jordan aims to advance the U.S. Naval Forces Central Command’s efforts to integrate new unmanned technologies and artificial intelligence.

It opened the trading session at $2.50, the shares rose to $3.06 and dropped to $2.45, the range by which the price of stock traded the whole day. The daily chart for BBAI points out that the company has recorded 79.75% gains over the past six months. However, it is still -389.66% lower than its most recent low trading price.

If we look at the average trading volume of 7.33M shares, BBAI reached to a volume of 4347158 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BigBear.ai Holdings Inc. [BBAI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBAI shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBAI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for BigBear.ai Holdings Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on August 10, 2022. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on March 28, 2022, representing the official price target for BigBear.ai Holdings Inc. stock.

The Average True Range (ATR) for BigBear.ai Holdings Inc. is set at 0.60, with the Price to Sales ratio for BBAI stock in the period of the last 12 months amounting to 1.67.

Trading performance analysis for BBAI stock

BigBear.ai Holdings Inc. [BBAI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.96. With this latest performance, BBAI shares dropped by -13.15% in over the last four-week period, additionally plugging by 79.75% over the last 6 months – not to mention a drop of -51.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBAI stock in for the last two-week period is set at 44.43, with the RSI for the last a single of trading hit 37.79, and the three-weeks RSI is set at 48.23 for BigBear.ai Holdings Inc. [BBAI]. The present Moving Average for the last 50 days of trading for this stock 2.53, while it was recorded at 2.94 for the last single week of trading, and 2.52 for the last 200 days.

BigBear.ai Holdings Inc. [BBAI]: A deeper dive into fundamental analysis

BigBear.ai Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

An analysis of insider ownership at BigBear.ai Holdings Inc. [BBAI]

There are presently around $5 million, or 2.40% of BBAI stock, in the hands of institutional investors. The top three institutional holders of BBAI stocks are: LYNROCK LAKE LP with ownership of 1,229,962, which is approximately -13.718% of the company’s market cap and around 87.52% of the total institutional ownership; LMR PARTNERS LLP, holding 157,678 shares of the stock with an approximate value of $0.45 million in BBAI stocks shares; and UBS GROUP AG, currently with $0.19 million in BBAI stock with ownership of nearly 14.026% of the company’s market capitalization.

Positions in BigBear.ai Holdings Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 4 institutional holders increased their position in BigBear.ai Holdings Inc. [NYSE:BBAI] by around 214,075 shares. Additionally, 15 investors decreased positions by around 540,289 shares, while 4 investors held positions by with 844,958 shares. The mentioned changes placed institutional holdings at 1,599,322 shares, according to the latest SEC report filing. BBAI stock had 3 new institutional investments in for a total of 205,889 shares, while 8 institutional investors sold positions of 210,012 shares during the same period.


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