BigBear.ai Holdings Inc [BBAI] Stock trading around $2.29 per share: What’s Next?

BigBear.ai Holdings Inc [NYSE: BBAI] price surged by 6.51 percent to reach at $0.14.

The one-year BBAI stock forecast points to a potential upside of 23.67. The average equity rating for BBAI stock is currently 1.50, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on 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 $3.00 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 1.50. 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 0.19, with the Price to Sales ratio for BBAI stock in the period of the last 12 months amounting to 3.94. The Price to Book ratio for the last quarter was 5.82, with the Price to Cash per share for the same quarter was set at 0.25.

BBAI Stock Performance Analysis:

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 4.57. With this latest performance, BBAI shares gained by 36.31% in over the last four-week period, additionally plugging by 52.67% over the last 6 months – not to mention a rise of 25.82% 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 63.09, with the RSI for the last a single of trading hit 64.39, and the three-weeks RSI is set at 61.81 for BigBear.ai Holdings Inc [BBAI]. The present Moving Average for the last 50 days of trading for this stock 1.73, while it was recorded at 2.25 for the last single week of trading, and 1.73 for the last 200 days.

Insight into BigBear.ai Holdings Inc Fundamentals:

BigBear.ai Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.06 and a Current Ratio set at 2.06.

BigBear.ai Holdings Inc [BBAI] Institutonal Ownership Details

There are presently around $9.94%, or 20.93%% of BBAI stock, in the hands of institutional investors. The top three institutional holders of BBAI stocks are: BLACKROCK INC. with ownership of 6.54 million shares, which is approximately 3.49%. VANGUARD GROUP INC, holding 3.12 million shares of the stock with an approximate value of $$4.71 million in BBAI stocks shares; and VANGUARD GROUP INC, currently with $$2.54 million in BBAI stock with ownership which is approximately 0.8965%.

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