Butterfly Network Inc (NYSE:BFLY) has a beta value of 2.06 and has seen 1.3 million shares traded in the last trading session. The company, currently valued at $222.70M, closed the last trade at $1.07 per share which meant it 0.00% during that session. The BFLY stock price is -171.03% off its 52-week high price of $2.90 and 28.97% above the 52-week low of $0.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.82 million shares traded. The 3-month trading volume is 2.06 million shares.
Butterfly Network Inc (NYSE:BFLY) trade information
The stock has traded in the red over the last five days, when the BFLY stock price touched $1.07 or saw a rise of 12.29%. Year-to-date, Butterfly Network Inc shares have moved -0.93%, while the 5-day performance has seen it change -9.32%. Over the past 30 days, the shares of Butterfly Network Inc (NYSE:BFLY) have changed 4.90%. Short interest in the company has seen 18.75 million shares shorted with days to cover at 8.58.
Butterfly Network Inc (BFLY) estimates and forecasts
Figures show that Butterfly Network Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -34.76% over the past 6 months, with this year growth rate of 30.77%, compared to 21.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 29.40% and 21.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.50%.
2 analysts offering their estimates for the company have set an average revenue estimate of $16.81 million for the current quarter. 2 have an estimated revenue figure of $19.07 million for the next quarter concluding in Jun 2024. Year-ago sales stood $15.48 million and $18.49 million respectively for this quarter and the next, and analysts expect sales will grow by 8.60% for the current quarter and 3.20% for the next.
BFLY Dividends
Butterfly Network Inc is expected to release its next earnings report between May 09 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Insiders own 12.34% of the company shares, while shares held by institutions stand at 43.27% with a share float percentage of 49.36%. Investors are also buoyed by the number of investors in a company, with Butterfly Network Inc having a total of 210 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 12.97 million shares worth more than $29.82 million. As of Jun 29, 2023, Vanguard Group Inc held 7.20% of shares outstanding.
The other major institutional holder is ARK Investment Management, LLC, with the holding of over 12.72 million shares as of Sep 29, 2023. The firm’s total holdings are worth over $15.0 million and represent 7.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 6.99% shares in the company for having 12.6 million shares of worth $14.87 million while later fund manager owns 4.11 million shares of worth $9.46 million as of Jun 29, 2023, which makes it owner of about 2.28% of company’s outstanding stock.
