Shares of BigBear.ai Inc BBAI are on the move on Wednesday after the company announced that it had been awarded the contract as a subcontractor by Concept Solutions.

What you should know: After the market close on Tuesday, BigBear.ai announced that it will partner with Concept Solutions to support a Federal Aviation Administration (FAA) Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract.

Concept Solutions was one of 14 companies selected under the multiple contract that allows the FAA to acquire a wide range of IT capabilities, solutions and new technologies. BigBear.ai said it will help manage information systems, provide support for various programs, help advance existing programs and implement innovative solutions that align with the FAA’s strategic goals. The contract has a combined cap of $2.4 billion over 10 years.

“With this contract, BigBear.ai brings the FAA and the Concept Solutions team a long-term support partner that goes well beyond the initial implementation of standard technology,” said Robert WedertzSenior Vice President, Federal at BigBear.ai.

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BBAI Stock Forecast 2030

Predicting future stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a variety of other factors.

If you as an investor want to assume that most of the important factors remain stable, you can use trend analysis as a helpful tool. Using a longer-term trend line or the historical performance of the stock, you can try to predict the annual return of a stock. For BigBear.ai, the annualized stock performance over the last five years is -32.97%.

Using a trendline (here’s how to do this function). If you decide to use a trendline, connect your two points and look forward to the point in time you’re interested in. Once you’ve determined the stock price, consider what conditions the stock needs to experience to justify the stock price – whether it’s an outside influence or a management decision.

BBAI price promotion: BigBear.ai shares rose 36.1% to $1.81 at the time of writing on Wednesday, according to Benzinga Pro.

Photo: 3844328 from Pixabay.