In the latest trading session, 1.49 million Butterfly Network Inc (NYSE:BFLY) shares changed hands as the company’s beta touched 2.46. With the company’s most recent per share price at $4.05 changed hands at -$0.25 or -5.81% at last look, the market valuation stands at $960.10M. BFLY’s current price is a discount, trading about -22.96% off its 52-week high of $4.98. The share price had its 52-week low at $0.67, which suggests the last value was 83.46% up since then.
Analysts gave the Butterfly Network Inc (BFLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BFLY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Butterfly Network Inc’s EPS for the current quarter is expected to be -0.08.
Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY was in red as seen in intraday trades today. With action -15.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 29.81%, with the 5-day performance at -15.09% in the red. However, in the 30-day time frame, Butterfly Network Inc (NYSE:BFLY) is -2.17% down.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 19.0% from its recent market value. According to analyst projections, BFLY’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -23.46% plunge from its current level, while the stock would need to soar -23.46% for it to hit the projected low.
Butterfly Network Inc (BFLY) estimates and forecasts
Year-over-year growth is forecast to reach 23.93% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 21.97M. 2 analysts are of the opinion that Butterfly Network Inc’s revenue for the current quarter will be 22.23M. The company’s revenue for the corresponding quarters a year ago was 16.52M and 17.66M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 33.02%. The estimates for the next quarter sales put growth at 25.92%.
The 2025 estimates are for Butterfly Network Inc earnings to increase by 52.31%, but the outlook for the next 5-year period is at 28.26% per year.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
FOSUN INTERNATIONAL LTD holds the second largest percentage of outstanding shares, with 5.063% or 10.72 million shares worth $9.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund. With 5.93 shares estimated at $23.44 million under it, the former controlled 3.18% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.35% of the shares, roughly 4.38 shares worth around $17.33 million.
