Butterfly Network Inc (NYSE:BFLY) has a beta value of 2.17 and has seen 7.86 million shares traded in the last trading session. The company, currently valued at $492.14M, closed the last trade at $2.03 per share which meant it gained $0.25 on the day or 14.04% during that session. The BFLY stock price is -8.37% off its 52-week high price of $2.20 and 67.0% above the 52-week low of $0.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.4 million shares traded. The 3-month trading volume is 2.07 million shares.
The consensus among analysts is that Butterfly Network Inc (BFLY) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Butterfly Network Inc (NYSE:BFLY) trade information
Sporting 14.04% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BFLY stock price touched $2.03 or saw a rise of 3.33%. Year-to-date, Butterfly Network Inc shares have moved 87.96%, while the 5-day performance has seen it change 11.54%. Over the past 30 days, the shares of Butterfly Network Inc (NYSE:BFLY) have changed 6.84%. Short interest in the company has seen 13.02 million shares shorted with days to cover at 6.57.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 54.89% from current levels. The projected low price target is $4.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is -121.67% off the targeted high while a plunge would see the stock gain -121.67% from current levels.
Butterfly Network Inc (BFLY) estimates and forecasts
Figures show that Butterfly Network Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 115.20% over the past 6 months, with this year growth rate of 43.08%, compared to 26.00% for the industry.
BFLY Dividends
Butterfly Network Inc is expected to release its next earnings report on 2025-Feb-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Insiders own 16.83% of the company shares, while shares held by institutions stand at 29.44% with a share float percentage of 35.40%. Investors are also buoyed by the number of investors in a company, with Butterfly Network Inc having a total of 187.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 10.98 million shares worth more than $9.24 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 5.259% of shares outstanding.
The other major institutional holder is FOSUN INTERNATIONAL LTD, with the holding of over 10.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.01 million and represent 5.1307% of shares outstanding.
