Is BigBear.ai Stock a Buy Now?
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BigBear.ai (NYSE: BBAI), a developer of AI-oriented analytics tools, went public three years go by merging with a special purpose acquisition company (SPAC). The combined company's stock started trading at $9.84 a share, closed at a record high of $12.69 on April 13, 2022, but sank below $1 by the end of the year.Like many other SPAC-backed start-ups, BigBear.ai overpromised and underdelivered. Rising interest rates exacerbated that pressure by driving investors away from speculative and unprofitable companies.But today, the stock trades at about $4 -- so investors who took the contrarian view at its all-time lows two years ago are sitting on some big gains. Let's see why this volatile stock bounced back, and if it's still worth buying today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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