The price of Butterfly Network Inc (NYSE: BFLY) closed at $1.23 in the last session, down -5.38% from day before closing price of $1.30. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 1800101 shares were traded.
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Ratios:
We take a closer look at BFLY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 5.22. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on March 29, 2023, initiated with a Neutral rating and assigned the stock a target price of $2.25.
On November 29, 2022, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $4.50.
On October 04, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $9.50.B. Riley Securities initiated its Buy rating on October 04, 2022, with a $9.50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 05 when Getz Heather C sold 66,142 shares for $1.02 per share. The transaction valued at 67,465 led to the insider holds 1,517,236 shares of the business.
Stoica Andrei G sold 35,612 shares of BFLY for $36,324 on Jan 05. The Chief Technology Officer now owns 978,286 shares after completing the transaction at $1.02 per share. On Dec 26, another insider, Stoica Andrei G, who serves as the Chief Technology Officer of the company, sold 2,247 shares for $1.03 each. As a result, the insider received 2,326 and left with 1,013,898 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BFLY now has a Market Capitalization of 269.94M and an Enterprise Value of 145.27M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 2.20 whereas that against EBITDA is -1.18.
Stock Price History:
Over the past 52 weeks, BFLY has reached a high of $2.90, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is 1.0608, while the 200-Day Moving Average is calculated to be 1.4987.
Shares Statistics:
According to the various share statistics, BFLY traded on average about 2.06M shares per day over the past 3-months and 3.47M shares per day over the past 10 days. A total of 181.22M shares are outstanding, with a floating share count of 149.83M. Insiders hold about 27.66% of the company’s shares, while institutions hold 32.56% stake in the company. Shares short for BFLY as of Feb 15, 2024 were 18.52M with a Short Ratio of 8.98, compared to 16.89M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.92% and a Short% of Float of 11.74%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.12, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.11 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.44 and -$0.46 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.43, with 2 analysts recommending between -$0.4 and -$0.46.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $16.81M. It ranges from a high estimate of $17.12M to a low estimate of $16.5M. As of the current estimate, Butterfly Network Inc’s year-ago sales were $15.48M, an estimated increase of 8.60% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $19.07M, an increase of 3.20% less than the figure of $8.60% in the same quarter last year. There is a high estimate of $19.2M for the next quarter, whereas the lowest estimate is $18.95M.
A total of 2 analysts have provided revenue estimates for BFLY’s current fiscal year. The highest revenue estimate was $73.21M, while the lowest revenue estimate was $72.5M, resulting in an average revenue estimate of $72.85M. In the same quarter a year ago, actual revenue was $65.9M, up 10.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $90.02M in the next fiscal year. The high estimate is $90.05M and the low estimate is $90M. The average revenue growth estimate for next year is up 23.60% from the average revenue estimate for this year.
