Butterfly Network Inc (NYSE:BFLY)’s traded shares stood at 0.36 million during the latest session, with the company’s beta value hitting 2.46. At the last check today, the stock’s price was $3.31, to imply a decrease of -0.15% or $0.0 in intraday trading. The BFLY share’s 52-week high remains $3.55, putting it -7.25% down since that peak but still an impressive 79.76% since price per share fell to its 52-week low of $0.67. The company has a valuation of $704.17M, with an average of 2.95 million shares in intraday trading volume over the past 10 days and average of 2.80 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 -0.08.
Butterfly Network Inc (NYSE:BFLY) trade information
After registering a -0.15% downside in the latest session, Butterfly Network Inc (BFLY) has traded red over the past five days. The 5-day price performance for the stock is 0.46%, and 28.60% over 30 days. With these gigs, the year-to-date price performance is 206.02%. Short interest in Butterfly Network Inc (NYSE:BFLY) saw shorts transact 12.7 million shares and set a 4.48 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 -35.95% off suggested target high and -35.95% 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 268.90% up over the last 6 months, with its year-to-date growth rate higher than industry average at 46.15% against 24.50%. The rating firms project that company’s revenue will grow 22.48% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 21.01M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 20.97M.Earnings reports from the last fiscal year show that sales brought in 16.52M and 17.66M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.22% before jumping 18.76% in the following quarter.
BFLY Dividends
Butterfly Network Inc has its next earnings report out in January. 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 16.79% of total outstanding shares, with institutional holders owning 27.56% of the shares at 33.12% float percentage. In total, 27.56% 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.
We also have ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Butterfly Network Inc (BFLY) shares. Going by data provided on Oct 31, 2024, ARK ETF Tr-ARK Genomic Revolution ETF holds roughly 8.42 shares. This is just over 4.51% of the total shares, with a market valuation of $28.16 million. Data from the same date shows that the other fund manager holds a little less at 4.38, or 2.35% of the shares, all valued at about 14.66 million.
