Butterfly Network Inc (BFLY) saw an uptrend of 6.00% in the recent trading with $1.06 being its most recent. The current price level -63.45% lower than the highest price of $2.90 marked by the stock while trading over the past 52-weeks, whereas it is 39.38% higher than the lowest price of $0.76 the company dropped to over past 52-weeks. The latest news story on BFLY appeared in (GlobeNewswire) under the title “Increased Adoption of Artificial Intelligence Across the Healthcare Industry Driving Strong Market Growth”.
Squeezing the time span to 30 day period shows us the stock is currently trading -33.33% below one month high and is +6.00% 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 $1.0688 while that of 5-day is reading $1.0360.
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 $1.3995.
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. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Butterfly Network Inc Earnings – What Happened With BFLY
Coming around sales and income figures on BFLY Stock Income Statement, public 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. Butterfly Network Inc (BFLY) last released financial results for the quarter that ended 12/30/2023, posting a surprise factor of -61.50% for net revenue.
BFLY – Butterfly Network Inc Stock Earnings Estimates
The perspective of Butterfly Network Inc (NYSE:BFLY)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.13 for stock’s EPS in the current quarter. 2 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.21.
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 181.22 million. BFLY does have institutional investors; and they hold 32.40% of the stock.
Butterfly Network Inc – Insider Activity and Holdings
As on Dec 30, 2023, ARK Investment Management, LLC was the top most holder in Butterfly Network Inc (NYSE:BFLY) with an ownership of 13.69 million shares of the company or 7.53% of the stake worth $14.51 million. The filing also reveals Fosun International Ltd as the second largest holder in the company with a control over 5.90% of the outstanding shares. Its stake is worth $11.36 million for having 10.72 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 5.69% of the outstanding shares. With this there are now 210 institutions which have possession in BFLY’s shares.
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 simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
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, Butterfly Network Inc has a debt to equity ratio of 0.11.
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 1,739,040 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,798,826 shares. And to end, BFLY’s 100-day average volume is 1,900,556 shares with 50% of the long-term indicators pointing towards Sell for the stock.
