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Butterfly Network Inc. (BFLY): The stock short term indicators say Sell today

How have the shares performed?

Butterfly Network Inc. (BFLY) saw an uptrend of 4.76% in the recent trading with $9.90 being its most recent. The current price level -66.01% lower than the highest price of $29.13 marked by the stock while trading over the past 52-weeks, whereas it is 7.61% higher than the lowest price of $9.20 the company dropped to over past 52-weeks. The latest news story on BFLY appeared in Simply Wall St. under the title “Here’s Why We’re Not At All Concerned With Butterfly Network’s (NYSE:BFLY) Cash Burn Situation” on May-16-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -40.58% below one month high and is +7.61% above of the lowest during that time. Looking into the simple moving average, Butterfly Network Inc. (BFLY)’s stock stands at a SMA-50 of $15.60 while that of 5-day is reading $10.59.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BFLY’s SMA-200 as of now is $14.49.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

Butterfly Network Inc. Earnings – What Happened With BFLY

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

BFLY – Butterfly Network Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 50.25 million. BFLY does have institutional investors; and they hold 27.40% of the stock.

Butterfly Network Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 12 new insider purchases involving 13,700,791 shares. On the other hand, BFLY declared 28,120,307 shares have been sold in 1 insider transactions over the past three months.

Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Butterfly Network Inc. was 0.11 while posting a debt to equity ratio of 0.00.

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