Butterfly Network Inc. (NYSE:BFLY) Could Experience -67.59% Growth – Marketing Sentinel
Home  »  Company   »  Butterfly Network Inc. (NYSE:BFLY) Could Experienc...

Butterfly Network Inc. (NYSE:BFLY) Could Experience -67.59% Growth

In last trading session, Butterfly Network Inc. (NYSE:BFLY) saw 1.88 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $6.80 trading at -$0.31 or -4.36% at ring of the bell on the day assigns it a market valuation of $1.40B. That closing price of BFLY’s stock is at a discount of -328.38% from its 52-week high price of $29.13 and is indicating a premium of 15.29% from its 52-week low price of $5.76. Taking a look at company’s average trading volume of 3.28 million if we extend that period to 3-months.

For Butterfly Network Inc. (BFLY), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.26 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Butterfly Network Inc. (NYSE:BFLY) trade information

Upright in the red during last session for losing -4.36%, in the last five days BFLY remained trading in the green while hitting it’s week-highest on Tuesday, 01/11/22 when the stock touched $6.80 price level, adding 11.23% to its value on the day. Butterfly Network Inc.’s shares saw a change of 1.64% in year-to-date performance and have moved 7.26% in past 5-day. Butterfly Network Inc. (NYSE:BFLY) showed a performance of -0.29% in past 30-days.

Wall Street analysts have assigned a consensus price target of $9.50 to the stock, which implies a rise of 28.42% to its current value. Analysts have been projecting $7.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -76.47% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.94% for stock’s current value.

Butterfly Network Inc. (BFLY) estimates and forecasts

Statistics highlight that Butterfly Network Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -35.11% of value to its shares in past 6 months, showing an annual growth rate of 98.67% while that of industry is 12.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $17 million for the same.

BFLY Dividends

Butterfly Network Inc. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Butterfly Network Inc. (NYSE:BFLY)’s Major holders

Insiders are in possession of 19.14% of company’s total shares while institution are holding 54.77 percent of that, with stock having share float percentage of 67.73%. Investors also watch the number of corporate investors in a company very closely, which is 54.77% institutions for Butterfly Network Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at BFLY for having 13.22 million shares of worth $138.04 million. And as of Sep 29, 2021, it was holding 7.89% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 12.74 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.60% of outstanding shares, having a total worth of $132.99 million.

>> 7 Top Picks for the Post-Pandemic Economy <<

On the other hand, ARK ETF Tr-ARK Genomic Revolution ETF and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Nov 29, 2021, the former fund manager was holding 8.78 million shares of worth $61.9 million or 5.24% of the total outstanding shares. The later fund manager was in possession of 4.24 million shares on Oct 30, 2021, making its stake of worth around $43.73 million in the company or a holder of 2.53% of company’s stock.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts



Download Free eBook For



100% free. stop anytime no spam