BigBear.ai Holdings, Inc. (NYSE: BBAI) currently trades at a forward 12-month price-to-sales ratio of 12.11X, modestly above the Zacks Computers – IT Services industry average of 11.89X.

That premium reflects investor expectations that the company can deliver faster growth than many of its peers in the government and defense AI space.

BigBear.ai remains one of the more closely watched pure-play artificial intelligence stocks, driven by its expanding presence in defense, homeland security and border protection markets.

Shares have plunged 28.1% year to date, sharply underperforming the broader Zacks Computer and Technology sector’s 18.2% gain and the S&P 500’s 10% increase.

The stock has, however, held up better than…