In the last trading session, 1.34 million Butterfly Network Inc (NYSE:BFLY) shares changed hands as the company’s beta touched 2.19. With the company’s per share price at $1.73 changed hands at -$0.03 or -1.70% during last session, the market valuation stood at $367.75M. BFLY’s last price was a discount, traded about -27.17% off its 52-week high of $2.20. The share price had its 52-week low at $0.67, which suggests the last value was 61.27% up since then. When we look at Butterfly Network Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 1.92 million.
Analysts gave the Butterfly Network Inc (BFLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BFLY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Butterfly Network Inc’s EPS for the current quarter is expected to be -0.09.
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Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY was in red as seen at the end of in last trading. With action 2.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 60.19%, with the 5-day performance at 2.98% in the green. Looking at the short shares, we see there were 13.03 million shares sold at short interest cover period of 3.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.5, meaning bulls need an upside of 61.56% from its current market value. According to analyst projections, BFLY’s forecast low is 4.5 with 4.5 as the target high. To hit the forecast high, the stock’s price needs a -160.12% plunge from its current level, while the stock would need to soar -160.12% for it to hit the projected low.
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 133.15% over the past 6 months, a 43.08% in annual growth rate that is considerably higher than the industry average of 23.90%. Year-over-year growth is forecast to reach 19.20% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 19.01M. 3 analysts are of the opinion that Butterfly Network Inc’s revenue for the current quarter will be 20.4M. The company’s revenue for the corresponding quarters a year ago was 15.42M and 16.52M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.30%. The estimates for the next quarter sales put growth at 23.50%.
The 2024 estimates are for Butterfly Network Inc earnings to increase by 49.74%.
BFLY Dividends
Butterfly Network Inc is expected to release its next quarterly earnings report on 2024-Nov-01.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.83% of Butterfly Network Inc shares while 30.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.83%. There are 30.63% institutions holding the Butterfly Network Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 5.259% of the shares, roughly 10.98 million BFLY shares worth $9.24 million.
FOSUN INTERNATIONAL LTD holds the second largest percentage of outstanding shares, with 5.1307% or 10.72 million shares worth $9.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund . With 8.62 shares estimated at $14.91 million under it, the former controlled 4.63% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.35% of the shares, roughly 4.38 shares worth around $7.58 million.
