In today’s recent session, 0.56 million shares of the Butterfly Network Inc. (NYSE:BFLY) were traded. Most recently the company’s share price was $3.30, and it changed around $0.15 or 4.76% from the last close, which brings the market valuation of the company to $592.42M. BFLY at last check was trading at a discount to its 52-week high of $14.71, offering almost -345.76% off that amount. The share price’s 52-week low was $2.31, which indicates that the recent value has risen by an impressive 30.0% since then. We note from Butterfly Network Inc.’s average daily trading volume that its 3-month average coming to 2.19 million.
Butterfly Network Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BFLY as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Butterfly Network Inc. is expected to report earnings per share of -$0.27 for the current quarter.
Butterfly Network Inc. (NYSE:BFLY) trade information
Instantly BFLY has been showing a green trend so far today with a performance of 4.76% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.31 on Tuesday, 06/21/22 increased the stock’s daily price by 0.3%. The company’s shares are currently down -52.91% year-to-date, but still down -1.56% over the last five days. On the other hand, Butterfly Network Inc. (NYSE:BFLY) is 4.65% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $7.00, which translates to bulls needing to increase their stock price by 52.86% from its current value. Analyst projections state that BFLY is forecast to be at a low of $7.00 and a high of $7.00. In order for the stock price to hit the forecast high, the stock would need to plunge -112.12% from its current level, while the stock would need to crash -112.12% from its current level to reach the projected low.
Butterfly Network Inc. (BFLY) estimates and forecasts
Butterfly Network Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -56.73 percent over the past six months and at a -38.27% annual growth rate that is well below the industry average of -3.00%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -1,250.00% in revenue this quarter, and will report a decrease of -328.60% in the next quarter. The year-over-year growth rate is expected to be 32.70%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $19.1 million in revenue for the current quarter. 1 analysts expect Butterfly Network Inc. to make $21.5 million in revenue for the quarter ending Sep 2022. Analysts predict that the company’s current quarter sales will jump, forecast at 15.70%.
Butterfly Network Inc.’s next quarterly earnings report is expected to be released around March 28 and April 01.