BigBear.ai Holdings, Inc. BBAI has been on a tear, with its stock surging nearly 86% over the past month. This sharp rally far outpaces the broader market, where the S&P 500 rose just 3.5%, the Zacks Computer and Technology sector added 5.

BigBear.ai disappointed a lot of investors after its public debut. But its backlog is growing, and its biometrics business is expanding. It still doesn’t look like a bargain relative to its growth potential.

BigBear.ai ( BBAI 2.58%) stock is rocketing higher again in Wednesday's trading. The company's share price was up 14.7% as of 1:30 p.m. ET. At the same point in the day's trading, the S&P 500 and the Nasdaq Composite were up 0.3% and 0.8%, respectively.