During the last session, Butterfly Network Inc (NYSE:BFLY)’s traded shares were 4.04 million, with the beta value of the company hitting 2.47. At the end of the trading day, the stock’s price was $4.65, reflecting an intraday gain of 7.14% or $0.31. The 52-week high for the BFLY share is $4.79, that puts it down -3.01 from that peak though still a striking 85.59% gain since the share price plummeted to a 52-week low of $0.67. The company’s market capitalization is $1.10B, and the average intraday trading volume over the past 10 days was 6.23 million shares, and the average trade volume was 4.01 million shares over the past three months.
Butterfly Network Inc (BFLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BFLY has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
Butterfly Network Inc (NYSE:BFLY) trade information
Butterfly Network Inc (BFLY) registered a 7.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.14% in intraday trading to $4.65, hitting a weekly high. The stock’s 5-day price performance is 5.68%, and it has moved by 37.98% in 30 days. Based on these gigs, the overall price performance for the year is 355.88%. The short interest in Butterfly Network Inc (NYSE:BFLY) is 15.03 million shares and it means that shorts have 3.17 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 7.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, BFLY is trading at a discount of -7.53% off the target high and -7.53% off the low.
Butterfly Network Inc (BFLY) estimates and forecasts
In the rating firms’ projections, revenue will increase 23.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 21.97M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 22.23M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 16.52M and 17.66M respectively. In this case, analysts expect current quarter sales to grow by 33.02% and then jump by 25.92% in the coming quarter.
While earnings are projected to return 52.31% in 2025, the next five years will return 28.26% per annum.
BFLY Dividends
Butterfly Network Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 10.72 million shares, is of FOSUN INTERNATIONAL LTD’s that is approximately 5.1307% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.01 million.
Also, the Mutual Funds coming in first place with the largest holdings of Butterfly Network Inc (BFLY) shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund . Data provided on Dec 31, 2024 indicates that ARK ETF Tr-ARK Genomic Revolution ETF owns about 5.93 shares. This amounts to just over 3.18 percent of the company’s overall shares, with a $27.56 million market value. The same data shows that the other fund manager holds slightly less at 4.38, or about 2.35% of the stock, which is worth about $20.37 million.
