How have the shares performed?
Butterfly Network Inc. (BFLY) saw downtrend of -2.09% in the recent trading with $13.58 being its most recent. The current price level -53.38% lower than the highest price of $29.13 marked by the stock while trading over the past 52-weeks, whereas it is 47.61% higher than the lowest price of $9.20 the company dropped to over past 52-weeks. The latest news story on BFLY appeared in Business Wire under the title “Butterfly Network to Present at the Cowen 6th Annual FutureHealth Conference” on Jun-08-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -9.41% below one month high and is +45.09% 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 $13.23 while that of 5-day is reading $14.02.
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 $14.72.
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. During the reported three-month period, company’s sales were $12.44 billion.
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 105.92 million. BFLY does have institutional investors; and they hold 40.00% of the stock.
Butterfly Network Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 14 new insider purchases involving 14,013,858 shares. On the other hand, BFLY declared 28,271,724 shares have been sold in 3 insider transactions over the past three months.
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.
Butterfly Network Inc.’s return on equity, or ROE, is -35.50%, compared to the industry average of -0.59% for Healthcare – Medical Devices. Although this indicates that BFLY fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Butterfly Network Inc. (NYSE:BFLY) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Butterfly Network Inc. (BFLY), we notice that the stock’s 20-day average volume is at 2,660,385 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 2,534,606 shares. And to end, BFLY’s 100-day average volume is 3,033,311 shares with 50% of the long-term indicators pointing towards Sell for the stock.