Butterfly Network Inc (NYSE:BFLY) has a beta value of 2.39 and has seen 3.31 million shares traded in the last trading session. The company, currently valued at $688.22M, closed the last trade at $3.28 per share which meant it gained $0.04 on the day or 1.23% during that session. The BFLY stock price is -8.23% off its 52-week high price of $3.55 and 79.57% 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 3.53 million shares traded. The 3-month trading volume is 2.84 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. The expected earnings per share for the stock is -0.08.
Butterfly Network Inc (NYSE:BFLY) trade information
Sporting 1.23% 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 $3.28 or saw a rise of 7.61%. Year-to-date, Butterfly Network Inc shares have moved 203.70%, while the 5-day performance has seen it change 24.24%. Over the past 30 days, the shares of Butterfly Network Inc (NYSE:BFLY) have changed 80.22%. Short interest in the company has seen 13.23 million shares shorted with days to cover at 7.79.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 27.11% 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 -37.2% off the targeted high while a plunge would see the stock gain -37.2% 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 218.45% over the past 6 months, with this year growth rate of 46.15%, compared to 24.10% for the industry. Revenue growth from the last financial year stood is estimated to be 22.48%.
3 analysts offering their estimates for the company have set an average revenue estimate of 21.01M for the current quarter. 2 have an estimated revenue figure of 20.97M for the next ending quarter. Year-ago sales stood 16.52M and 17.66M respectively for this quarter and the next, and analysts expect sales will grow by 27.22% for the current quarter and 22.48% for the next.
BFLY Dividends
Butterfly Network Inc is expected to release its next earnings report in December 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 16.79% of the company shares, while shares held by institutions stand at 27.56% with a share float percentage of 33.12%. Investors are also buoyed by the number of investors in a company, with Butterfly Network Inc having a total of 172.0 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.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 4.51% shares in the company for having 8.42 shares of worth $27.61 million while later fund manager owns 4.38 shares of worth $14.37 million as of Jun 30, 2024 , which makes it owner of about 2.35% of company’s outstanding stock.
