During the last session, Butterfly Network Inc (NYSE:BFLY)’s traded shares were 1.69 million, with the beta value of the company hitting 2.18. At the end of the trading day, the stock’s price was $1.74, reflecting an intraday loss of -8.90% or -$0.17. The 52-week high for the BFLY share is $2.20, that puts it down -26.44 from that peak though still a striking 61.49% gain since the share price plummeted to a 52-week low of $0.67. The company’s market capitalization is $369.87M, and the average intraday trading volume over the past 10 days was 1.82 million shares, and the average trade volume was 2.01 million shares over the past three months.
Butterfly Network Inc (BFLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BFLY has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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Butterfly Network Inc (NYSE:BFLY) trade information
Butterfly Network Inc (BFLY) registered a -8.90% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.90% in intraday trading to $1.74, hitting a weekly high. The stock’s 5-day price performance is -8.42%, and it has moved by -9.84% in 30 days. Based on these gigs, the overall price performance for the year is 59.63%. The short interest in Butterfly Network Inc (NYSE:BFLY) is 13.03 million shares and it means that shorts have 3.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.5, which implies an increase of 61.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $4.5 respectively. As a result, BFLY is trading at a discount of -158.62% off the target high and -158.62% off the low.
Butterfly Network Inc (BFLY) estimates and forecasts
Statistics show that Butterfly Network Inc has outperformed its competitors in share price, compared to the industry in which it operates. Butterfly Network Inc (BFLY) shares have gone up 83.97% during the last six months, with a year-to-date growth rate more than the industry average at 43.08% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 30.80% this quarter and then jump 52.40% in the quarter after that. In the rating firms’ projections, revenue will increase 19.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 19.01M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 20.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 15.42M and 16.52M respectively. In this case, analysts expect current quarter sales to grow by 23.30% and then jump by 23.50% in the coming quarter.
While earnings are projected to return 49.74% in 2024.
BFLY Dividends
Butterfly Network Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Butterfly Network Inc insiders own 16.83% of total outstanding shares while institutional holders control 30.68%, with the float percentage being 36.88%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 190.0 institutions own stock in it. As of 2024-06-30, the company held over 10.98 million shares (or 5.259% of all shares), a total value of $9.24 million in shares.
The next largest institutional holding, with 10.72 million shares, is of FOSUN INTERNATIONAL LTD’s that is approximately 5.1307% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.01 million.
