why BigBear.ai Holdings Inc [BBAI] is a Good Choice for Investors After New Price Target of $3.38

BigBear.ai Holdings Inc [NYSE: BBAI] slipped around -0.2 points on Wednesday, while shares priced at $1.93 at the close of the session, down -9.39%. The company report on January 29, 2024 at 9:31 AM that Thinking about buying stock in Spectral AI, Applied UV, Adobe, BigBear.ai, or Aclarion?.

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Compared to the average trading volume of 2.71M shares, BBAI reached a trading volume of 4324552 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $3.38 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 2.00. 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.

Cantor Fitzgerald have made an estimate for BigBear.ai Holdings Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 09, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Market Perform. The new note on the price target was released on October 02, 2023, representing the official price target for BigBear.ai Holdings Inc stock. Previously, the target price had yet another raise to $4, while H.C. Wainwright analysts kept a Buy rating on BBAI stock.

The Average True Range (ATR) for BigBear.ai Holdings Inc is set at 0.18, with the Price to Sales ratio for BBAI stock in the period of the last 12 months amounting to 1.96.

How has BBAI stock performed recently?

BigBear.ai Holdings Inc [BBAI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.22. With this latest performance, BBAI shares dropped by -1.03% in over the last four-week period, additionally plugging by 39.86% over the last 6 months – not to mention a drop of -50.64% 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 51.49, with the RSI for the last a single of trading hit 50.67, and the three-weeks RSI is set at 51.63 for BigBear.ai Holdings Inc [BBAI]. The present Moving Average for the last 50 days of trading for this stock 1.88, while it was recorded at 2.09 for the last single week of trading, and 1.85 for the last 200 days.

BigBear.ai Holdings Inc [BBAI]: Deeper insight into the fundamentals

BigBear.ai Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.15 and a Current Ratio set at 1.15.

Earnings analysis for BigBear.ai Holdings Inc [BBAI]

With the latest financial reports released by the company, BigBear.ai Holdings Inc posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -155.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBAI.

Insider trade positions for BigBear.ai Holdings Inc [BBAI]

The top three institutional holders of BBAI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BBAI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BBAI stock with ownership which is approximately 5.8325%.