Butterfly Network Inc (NYSE:BFLY) has a beta value of 2.48 and has seen 1.28 million shares traded in the recent trading session. The company, currently valued at $1.17B, closed the recent trade at $4.94 per share which meant it gained $0.17 on the day or 3.56% during that session. The BFLY stock price is -0.2% off its 52-week high price of $4.95 and 86.44% 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 4.89 million shares traded. The 3-month trading volume is 4.08 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 3.56% 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 $4.94 or saw a rise of 0.2%. Year-to-date, Butterfly Network Inc shares have moved 58.33%, while the 5-day performance has seen it change 19.32%. Over the past 30 days, the shares of Butterfly Network Inc (NYSE:BFLY) have changed 27.32%. Short interest in the company has seen 15.03 million shares shorted with days to cover at 3.17.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 1.2% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -1.21% off the targeted high while a plunge would see the stock gain -1.21% from the levels at last check today.
Butterfly Network Inc (BFLY) estimates and forecasts
The company’s shares have gained 404.03% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 23.93%.
3 analysts offering their estimates for the company have set an average revenue estimate of 21.97M for the current quarter. 2 have an estimated revenue figure of 22.23M 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 33.02% for the current quarter and 23.93% for the next.
Earnings growth for 2025 is a modest 52.31% while over the next 5 years, the company’s earnings are expected to increase by 28.26%.
BFLY Dividends
Butterfly Network Inc is expected to release its next earnings report in March 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 15.11% of the company shares, while shares held by institutions stand at 30.89% with a share float percentage of 36.39%. Investors are also buoyed by the number of investors in a company, with Butterfly Network Inc having a total of 203.0 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 5.1897% 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 5.063% 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 Dec 31, 2024, the former fund manager holds about 3.18% shares in the company for having 5.93 shares of worth $29.19 million while later fund manager owns 4.38 shares of worth $21.58 million as of Sep 30, 2024, which makes it owner of about 2.35% of company’s outstanding stock.
