In the last trading session, 5.28 million Butterfly Network Inc (NYSE:BFLY) shares changed hands as the company’s beta touched 2.54. With the company’s per share price at $2.74 changed hands at $0.06 or 2.24% during last session, the market valuation stood at $665.61M. BFLY’s last price was a discount, traded about -81.75% 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 75.55% up since then. When we look at Butterfly Network Inc’s average trading volume, we note the 10-day average is 3.84 million shares, with the 3-month average coming to 4.40 million.
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 -0.07.
Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY was in green as seen at the end of in last trading. With action 7.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -12.18%, with the 5-day performance at 7.87% in the green. However, in the 30-day time frame, Butterfly Network Inc (NYSE:BFLY) is -41.08% down. Looking at the short shares, we see there were 12.32 million shares sold at short interest cover period of 2.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 45.2% from its current 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 -82.48% plunge from its current level, while the stock would need to soar -82.48% for it to hit the projected low.
Butterfly Network Inc (BFLY) estimates and forecasts
Year-over-year growth is forecast to reach 19.12% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 21.16M. 4 analysts are of the opinion that Butterfly Network Inc’s revenue for the current quarter will be 24.8M. The company’s revenue for the corresponding quarters a year ago was 17.66M and 21.49M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.83%. The estimates for the next quarter sales put growth at 15.44%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 66.40%. The 2025 estimates are for Butterfly Network Inc earnings to decrease by -20.24%, but the outlook for the next 5-year period is at 3.28% per year.
BFLY Dividends
Butterfly Network Inc is expected to release its next quarterly earnings report on 2025-Feb-27.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.88% of Butterfly Network Inc shares while 29.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 35.05%. There are 29.83% institutions holding the Butterfly Network Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 5.1897% of the shares, roughly 10.98 million BFLY shares worth $9.24 million.
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.
