In today’s recent session, 0.4 million shares of the Butterfly Network Inc (NYSE:BFLY) have been traded, and its beta is 2.18. Most recently the company’s share price was $1.90, and it changed around $0.01 or 0.53% from the last close, which brings the market valuation of the company to $403.88M. BFLY at last check was trading at a discount to its 52-week high of $2.20, offering almost -15.79% off that amount. The share price’s 52-week low was $0.67, which indicates that the recent value has risen by an impressive 64.74% since then. We note from Butterfly Network Inc’s average daily trading volume that its 10-day average is 1.55 million shares, with the 3-month average coming to 2.01 million.
Butterfly Network Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BFLY as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Butterfly Network Inc is expected to report earnings per share of -0.09 for the current quarter.
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Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY has been showing a green trend so far today with a performance of 0.53% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9700 on recent trading dayincreased the stock’s daily price by 3.55%. The company’s shares are currently up 75.93% year-to-date, but still up 9.83% over the last five days. On the other hand, Butterfly Network Inc (NYSE:BFLY) is 7.34% up in the 30-day period. We can see from the shorts that 13.02 million shares have been sold at a short interest cover period of 6.57 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to increase their stock price by 57.78% from its current value. Analyst projections state that BFLY is forecast to be at a low of $4.5 and a high of $4.5.
Butterfly Network Inc (BFLY) estimates and forecasts
Butterfly Network Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 144.81 percent over the past six months and at a 43.08% annual growth rate that is well above the industry average of 23.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 30.80% in revenue this quarter, and will report an increase of 52.40% in the next quarter. The year-over-year growth rate is expected to be 19.20%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 19.01M in revenue for the current quarter. 3 analysts expect Butterfly Network Inc to make 20.4M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 15.42M and 16.52M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.30%. Forecasts for the next quarter put sales growth at 23.50%.
BFLY Dividends
Butterfly Network Inc’s next quarterly earnings report is expected to be released on 2024-Nov-01.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.83% of Butterfly Network Inc shares, and 30.68% of them are in the hands of institutional investors. The stock currently has a share float of 36.88%. Butterfly Network Inc stock is held by 188.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 5.259% of the shares, which is about 10.98 million shares worth $9.24 million.
FOSUN INTERNATIONAL LTD, with 5.1307% or 10.72 million shares worth $9.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 8.62 shares worth $16.37 million, making up 4.63% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.38 shares worth around $8.32 million, which represents about 2.35% of the total shares outstanding.
