In the latest trading session,, 0.45 million Butterfly Network Inc (NYSE:BFLY) shares changed hands as the company’s beta touched 2.06. With the company’s most recent per share price at $0.87 changed hands at -$0.02 or -1.79% at last look, the market valuation stands at $181.79M. BFLY’s current price is a discount, trading about -233.33% off its 52-week high of $2.90. The share price had its 52-week low at $0.76, which suggests the last value was 12.64% up since then. When we look at Butterfly Network Inc’s average trading volume, we note the 3-month average coming to 1.68 million.
Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY was in red as seen in intraday trades today. With action -13.52%, the performance over the past five days has been red. The drop to weekly highs of 1.0300 subtracted -1.79% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.13%, with the 5-day performance at -13.52% in the red. However, in the 30-day time frame, Butterfly Network Inc (NYSE:BFLY) is -18.37% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.
Butterfly Network Inc (BFLY) estimates and forecasts
Data shows that the Butterfly Network Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.54% over the past 6 months, a 30.77% in annual growth rate that is considerably higher than the industry average of 19.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Butterfly Network Inc will rise 29.40%, while the growth in revenue is estimated to hit 21.40% for the next quarter. Year-over-year growth is forecast to reach 10.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $16.8 million. 2 analysts are of the opinion that Butterfly Network Inc’s revenue for the quarter ending Jun 2024 will be $19.05 million. The company’s revenue for the corresponding quarters a year ago was $15.48 million and $18.49 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.60%. The estimates for the next quarter sales put growth at 3.00%. The 2024 estimates are for Butterfly Network Inc earnings to increase by 30.77%.
