Buy, Sell Or Hold Butterfly Network Inc (NYSE:BFLY) At $0.95?

In last trading session, Butterfly Network Inc (NYSE:BFLY) saw 1.06 million shares changing hands with its beta currently measuring 1.96. Company’s recent per share price level of $0.95 trading at $0.03 or 3.96% at ring of the bell on the day assigns it a market valuation of $197.57M. That closing price of BFLY’s stock is at a discount of -222.11% from its 52-week high price of $3.06 and is indicating a premium of 20.0% from its 52-week low price of $0.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.18 million shares which gives us an average trading volume of 1.80 million if we extend that period to 3-months.

Butterfly Network Inc (NYSE:BFLY) trade information

Upright in the green during last session for gaining 3.96%, in the last five days BFLY remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $0.95 price level, adding 2.06% to its value on the day. Butterfly Network Inc’s shares saw a change of -11.68% in year-to-date performance and have moved 8.67% in past 5-day. Butterfly Network Inc (NYSE:BFLY) showed a performance of -18.47% in past 30-days. Number of shares sold short was 16.89 million shares which calculate 7.08 days to cover the short interests.

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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 -50.58% of value to its shares in past 6 months, showing an annual growth rate of 30.95% while that of industry is 15.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 17.60% in the current quarter and calculating 23.50% increase in the next quarter. This year revenue growth is estimated to fall -12.10% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $15.19 million for the same. And 2 analysts are in estimates of company making revenue of $17.93 million in the next quarter that will end on Mar 2024. Company posted $18.98 million and $15.48 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -20.00% while estimating it to be 15.90% for the next quarter.

BFLY Dividends

Butterfly Network Inc is more likely to be releasing its next quarterly report between February 26 and March 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.

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