Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
BigBear.ai Holdings, Inc. (BBAI) concluded the recent trading session at $2.97, signifying a -1% move from its prior day's close.
Since last Friday, shares of the artificial intelligence (AI) decision-making platform BigBear.ai (BBAI -3.86%) are down over 14%, as of 12:07 p.m. ET on Thursday.
A big risk for investors when buying speculative stocks is that they can be incredibly volatile. As of Monday's close, shares of data analytics company BigBear.ai Holdings (BBAI 4.54%) were down more than 64% in just the past month.
BigBear.ai (BBAI -13.04%) stock is getting hit with big sell-offs Tuesday following news that the company will delay a key financial filing. The software company's share price was down 11.6% as of 11:45 a.m.
BigBear said the restatement was related to the accounting presentation of convertible debt which is due in 2026.
BigBear.ai's (BBAI -1.42%) stock has struggled since the company's public debut on Dec. 8, 2021. The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC), and its shares opened at $9.84.
In the most recent trading session, BigBear.ai Holdings, Inc. (BBAI) closed at $3.49, indicating a -1.13% shift from the previous trading day.
Artificial intelligence (AI) stocks have been battered along with the broader stock market recently as worries about the near-term outlook weigh on the minds of investors. Their fears have largely been prompted by concerns about how President Donald Trump's tariff and trade war plans will impact the U.S. economy.
BigBear.ai remains expensive with minimal growth prospects, worsened by the ongoing cash burn and potential volatilities, despite the ongoing AI SaaS boom and recent contract wins. The company's gross profit margins and EBITDA margins are underwhelming, with the ongoing dilutive capital raises/higher SBCs impacting long-term shareholder value. Consensus estimates project continued unprofitability, contributing to the stock's steep correction during the market-wide selloff.
Shares of BigBear.ai (BBAI 2.83%) were slammed following its fourth-quarter earnings report, retracing its gains from last month after the company announced an important U.S. Department of Defense (DoD) contract. The stock is now down about 25% on the year.
BigBear.ai Holdings, Inc. (BBAI) reachead $3.18 at the closing of the latest trading day, reflecting a +1.27% change compared to its last close.