BigBear.ai (BBAI) has shown strong performance recently, with its stock up over 51% year-to-date. The company’s $250 million acquisition of Ask Sage, a generative AI platform, is expected to add recurring revenue and improve margins. Also, BBAI expanded internationally with a new office in Abu Dhabi and partnerships in aerospace and logistics. Despite these gains, technical indicators suggest that BBAI stock is a Strong Buy, implying further upside from current levels.
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BBAI is an AI-driven analytics company that provides decision intelligence solutions for defense, government, and commercial sectors.
Analyzing BigBear.ai Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, BBAI stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 6.39, while its price is $6.78, implying a bullish signal. Also, its shorter-duration EMA (20 days) signals an uptrend.
Another technical indicator, the Rate of Change (ROC), is a momentum-based technical indicator used to measure the percentage change in a stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. BBAI currently has an ROC of 12.21, which signals a Buy.
Moreover, Williams %R helps traders see if a stock is overbought or oversold. For BigBear.ai stock, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
What Is the Prediction for BBAI?
Turning to Wall Street, BBAI stock has a Moderate Buy consensus rating based on one Buy and one Hold assigned in the last three months. At $6.50, the average BigBear.ai price target implies 3.56% downside risk.
