Butterfly Network Inc (NYSE:BFLY)’s traded shares stood at 1.69 million during the last session, with the company’s beta value hitting 2.19. At the close of trading, the stock’s price was $1.82, to imply an increase of 3.41% or $0.06 in intraday trading. The BFLY share’s 52-week high remains $2.20, putting it -20.88% down since that peak but still an impressive 63.19% since price per share fell to its 52-week low of $0.67. The company has a valuation of $386.88M, with an average of 1.41 million shares in intraday trading volume over the past 10 days and average of 1.96 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Butterfly Network Inc (BFLY), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give BFLY a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.09.
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Butterfly Network Inc (NYSE:BFLY) trade information
After registering a 3.41% upside in the last session, Butterfly Network Inc (BFLY) has traded red over the past five days. The 5-day price performance for the stock is 3.41%, and 19.74% over 30 days. With these gigs, the year-to-date price performance is 68.52%. Short interest in Butterfly Network Inc (NYSE:BFLY) saw shorts transact 13.03 million shares and set a 3.8 days time to cover.
The extremes give us $4.5 and $4.5 for target low and target high price respectively. As such, BFLY has been trading -147.25% off suggested target high and -147.25% from its likely low.
Butterfly Network Inc (BFLY) estimates and forecasts
Looking at statistics comparing Butterfly Network Inc share performance against respective industry, we note that the company has outperformed competitors. Butterfly Network Inc (BFLY) shares are 133.69% up over the last 6 months, with its year-to-date growth rate higher than industry average at 43.08% against 23.90%. Revenue is forecast to grow 30.80% this quarter before jumping 52.40% for the next one. The rating firms project that company’s revenue will grow 19.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 19.01M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 20.4M.Earnings reports from the last fiscal year show that sales brought in 15.42M and 16.52M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 23.30% before jumping 23.50% in the following quarter.
BFLY Dividends
Butterfly Network Inc has its next earnings report out on 2024-Nov-01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Butterfly Network Inc insiders hold 16.83% of total outstanding shares, with institutional holders owning 30.67% of the shares at 36.88% float percentage. In total, 30.67% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 10.98 million shares (or 5.259% of shares), all amounting to roughly $9.24 million.
The next major institution holding the largest number of shares is FOSUN INTERNATIONAL LTD with 10.72 million shares, or about 5.1307% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.01 million.
