πΊπ ±οΈππ »π »π Έππ ·πΊπ
Iβve opened positions in $BBAI - Small Crap AI coming out!
π»ππ Exiting the Doom Loop with BigBear.ai (BBAI)! π»ππ
Kia ora Tiger traders!
The plot thickens as BigBear.ai ($BBAI) charts its escape from the βdoom loop,β signalling what could be a massive turnaround moment. Letβs dive into this chart-topping setup and why momentum traders are starting to circle this AI underdog like sharks sensing blood in the water.
π₯οΈ Chart Check: Breaking Out of the Bear Cave
β’ Current Price: $2.26 as of 22Nov24, π³πΏNZ Time (+8.13% intraday gain).
β’ Setup: The stock is emerging from a classic reversal pattern. The curved upward trendline indicates a breakout from a long-standing downward trajectory. Momentum is building at $2.05, breaking resistance at $2.22.
β’ Upside Target: Analysts have set a price target of $3.50, translating to 56.6% upside from todayβs levels. Immediate resistance lies at $2.62 (the average analyst target), with stronger resistance at $3.50.
β’ Support Zone: Immediate support is forming at $2.05, with major consolidation happening between $1.87 and $1.99.
π§ Analyst Recommendations
Hereβs the scoop straight from the experts:
β’ π’ Buy: 60%
β’ π‘ Hold: 40%
β’ π΄ Sell: 0%
With no analysts recommending a sell, thereβs clearly bullish sentiment building behind the scenes.
π Key Catalysts
1. News:
β’ William Blair affirms a βholdβ rating, citing cost controls and new contract wins as pivotal.
β’ Recent capital inflow shows bullish accumulation, suggesting big players are positioning ahead of anticipated gains.
2. Sector Sentiment: AI-driven stocks are regaining momentum after the selloff earlier this year. BBAIβs focus on defence and data analytics places it in a lucrative, resilient niche.
π»π Fun Fact
BigBear.aiβs name stems from Big Bear Lake in California, a serene location that starkly contrasts with its stormy market journey. Is this the calm before the bullish storm?
TigerGPT, can you calculate the implied volatility impact if $BBAI hits the $3.50 target within 3 weeks?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerObserver @Daily_Discussion @TigerStars @TigerPicks @TigerPM @TigerGPT
Comments
Here is an analysis of BigBear.ai Holdings (BBAI):
Business and Industry: BigBear.ai Holdings operates in the defense and data analytics sector, which is seen as a lucrative and resilient niche. With a focus on artificial intelligence, the company provides solutions that cater to the increasing demand for advanced analytics and data-driven decision-making in the defense industry.
Earnings and Forecast: According to the latest earnings report, BigBear.ai Holdings reported an EPS of -0.05 for Q3 2024. The company's forecasted earnings for the next fiscal years are as follows:
2024: EPS of -0.76, gross income of 173.14 million USD, and EBIT of -112.35 million USD.
2025: EPS of -0.21, gross income of 201.79 million USD, and EBIT of -32.92 million USD.
2026: EPS of -0.23, gross income of 250.00 million USD, and EBIT of -23.00 million USD.
Analyst Recommendations: Currently, analysts have provided the following recommendations for BBAI: 3 analysts recommend buying the stock and 2 analysts recommend holding it.
Target Price: The target price estimates provided by analysts for BBAI range from 1.5 to 3.5 USD, with a mean estimate of 2.625 USD.
Recent Trend and Support/Resistance Levels: As of November 20th, the stock closed at 2.215 USD. The support price is approximately 1.86 USD, while the resistance price is around 2.09 USD.
Capital Flow: In terms of recent capital flow, BBAI has experienced net inflows of approximately 833.44 thousand USD, with big inflows of 2.30 million USD and median inflows of 1.76 million USD.
Recent News: The recent bullish news for BBAI includes William Blair affirming a "hold" rating for the stock, citing cost controls and new contract wins as pivotal factors. Additionally, the recent capital inflow suggests that big players are positioning themselves ahead of anticipated gains.
Please note that the above analysis is for informational purposes only and should not be considered investment advice. The stock market is subject to inherent risks and fluctuations, and it is crucial to conduct thorough research and exercise independent judgment before making investment decisions.
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