In the last trading session, 3.63 million Butterfly Network Inc (NYSE:BFLY) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $2.73 changed hands at $0.11 or 4.20% during last session, the market valuation stood at $622.02M. BFLY’s last price was a discount, traded about -0.73% off its 52-week high of $2.75. The share price had its 52-week low at $0.67, which suggests the last value was 75.46% up since then. When we look at Butterfly Network Inc’s average trading volume, we note the 10-day average is 4.2 million shares, with the 3-month average coming to 2.41 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.

Butterfly Network Inc (NYSE:BFLY) trade information

Instantly BFLY was in green as seen at the end of in last trading. With action 33.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 152.78%, with the 5-day performance at 33.82% in the green. However, in the 30-day time frame, Butterfly Network Inc (NYSE:BFLY) is 50.00% up. Looking at the short shares, we see there were 13.02 million shares sold at short interest cover period of 6.57 days.

The consensus price target for the stock as assigned by Wall Street analysts is 4.5, meaning bulls need an upside of 39.33% 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 -64.84% plunge from its current level, while the stock would need to soar -64.84% 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 185.83% over the past 6 months, a 46.15% in annual growth rate that is considerably higher than the industry average of 26.70%. Year-over-year growth is forecast to reach 22.50% 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 21.01M. 2 analysts are of the opinion that Butterfly Network Inc’s revenue for the current quarter will be 20.97M. The company’s revenue for the corresponding quarters a year ago was 16.52M and 17.66M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.20%. The estimates for the next quarter sales put growth at 18.80%.

The 2024 estimates are for Butterfly Network Inc earnings to increase by 52.82%.

BFLY Dividends

Butterfly Network Inc is expected to release its next quarterly earnings report in December.

Butterfly Network Inc (NYSE:BFLY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.79% of Butterfly Network Inc shares while 28.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.57%. There are 28.77% 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.