10 Micro Cap Stocks That Will Skyrocket

5. BigBear.ai Holdings, Inc. (NYSE:BBAI)

Number of Hedge Fund Investors  in Q1 2024: 12

Date of Newsletter: May 7th

The Pentagon, space, and AI – these are the three key terms that Dylan Jovine’s Behind the Markets newsletter uses to pitch this stock. According to the newsletter, the US Army, Navy, and Air Force, along with NASA, the NSA and the Cyber Command have all bought AI software from this company. Key to the stock’s pitch is a potential new contract that “could be 22 times bigger” than an earlier contract all because the White House is worried about the threat that Russia poses to America’s space infrastructure.

These lead Gumshoe to conclude that the stock is BigBear.ai Holdings, Inc. (NYSE:BBAI) – a Maryland based company that provides data analytics, AI, data management and other solutions. Gumshoe outlines that most of the firm’s deals are collaborations that do not lead to revenue recognition. On the financial side, it points out that BigBear.ai Holdings, Inc. (NYSE:BBAI) earned $155 million in revenue in 2022 and 2023; $190 million in cash; and a stable burn rate.