Butterfly Network Inc (NYSE:BFLY) has a beta value of 2.46 and has seen 1.03 million shares traded in the recent trading session. The company, currently valued at $713.10M, closed the recent trade at $3.49 per share which meant it gained $0.1 on the day or 3.10% during that session. The BFLY stock price is -8.31% off its 52-week high price of $3.78 and 80.8% 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 3.1 million shares traded. The 3-month trading volume is 2.71 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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Butterfly Network Inc (NYSE:BFLY) trade information
Sporting 3.10% in the green today, 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 $3.49 or saw a rise of 7.67%. Year-to-date, Butterfly Network Inc shares have moved 223.61%, while the 5-day performance has seen it change 5.91%. Over the past 30 days, the shares of Butterfly Network Inc (NYSE:BFLY) have changed 36.52%. Short interest in the company has seen 15.23 million shares shorted with days to cover at 4.11.
Wall Street analysts have a consensus price target for the stock at $4.5, which means that the shares’ value could jump 22.44% from the levels at last check today. 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 latest price level in today’s session is -28.94% off the targeted high while a plunge would see the stock gain -28.94% from the levels at last check today.
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 284.07% over the past 6 months, with this year growth rate of 46.15%, compared to 24.90% 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 January 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 16.78% of the company shares, while shares held by institutions stand at 27.52% with a share float percentage of 33.06%. Investors are also buoyed by the number of investors in a company, with Butterfly Network Inc having a total of 171.0 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 $29.59 million while later fund manager owns 4.38 shares of worth $15.4 million as of Sep 30, 2024, which makes it owner of about 2.35% of company’s outstanding stock.
