BigBear.ai Stock Swings on Defense Partnership Amid Earnings Miss
BigBear.ai shares exhibited extreme volatility last week, swinging between a 2.88% gain to $7.49 and a 3.4% drop to $7.24 despite broader market declines. Trading volumes surged to 233 million shares—2.5 times the 91.3 million average—reflecting the stock's 3.43 beta rating that signals triple the market's volatility.
The AI analytics firm's newly announced maritime defense partnership with SMX failed to offset disappointing Q2 results, with revenue plunging 18.3% year-over-year to $32.47 million against $41.18 million estimates. Analysts maintain a cautious 'Hold' rating with a $6.00 price target, underscoring skepticism about the company's 7.55% institutional ownership base.