In the last trading session, 3.61 million shares of the Butterfly Network Inc (NYSE:BFLY) were traded, and its beta was 2.47. Most recently the company’s share price was $1.88, and it changed around -$0.06 or -3.09% from the last close, which brings the market valuation of the company to $464.90M. BFLY currently trades at a discount to its 52-week high of $4.98, offering almost -164.89% off that amount. The share price’s 52-week low was $0.90, which indicates that the current value has risen by an impressive 52.13% since then. We note from Butterfly Network Inc’s average daily trading volume that its 10-day average is 6.61 million shares, with the 3-month average coming to 3.51 million.
Butterfly Network Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BFLY as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
Butterfly Network Inc (NYSE:BFLY) trade information
Instantly BFLY has showed a red trend with a performance of -3.09% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.0500 on recent trading dayincreased the stock’s daily price by 8.29%. The company’s shares are currently up 100.00% year-to-date, but still down -4.08% over the last five days. On the other hand, Butterfly Network Inc (NYSE:BFLY) is -21.34% down in the 30-day period. We can see from the shorts that 16.32 million shares have been sold at a short interest cover period of 5.48 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 62.4% from its current value. Analyst projections state that BFLY is forecast to be at a low of $5 and a high of $5.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 66.40%. Butterfly Network Inc earnings are expected to increase by -0.95% in 2025, but the outlook is positive 9.63% per year for the next five years.
BFLY Dividends
Butterfly Network Inc’s next quarterly earnings report is expected to be released on 2025-May-02.
Butterfly Network Inc (NYSE:BFLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.45% of Butterfly Network Inc shares, and 45.98% of them are in the hands of institutional investors. The stock currently has a share float of 53.75%. Butterfly Network Inc stock is held by 257.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 5.1897% of the shares, which is about 10.98 million shares worth $9.24 million.
FOSUN INTERNATIONAL LTD, with 5.063% or 10.72 million shares worth $9.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
