After finishing at $0.95 in the prior trading day, Butterfly Network Inc (NYSE: BFLY) closed at $0.89, down -5.96%. On the day, 1400407 shares were traded.
Ratios:
Our goal is to gain a better understanding of BFLY by taking a closer look at its different ratios. 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 0.11 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 02 ’24 when Stoica Andrei G sold 1,778 shares for $1.00 per share. The transaction valued at 1,782 led to the insider holds 1,497,558 shares of the business.
Stoica Andrei G sold 3,298 shares of BFLY for $3,380 on Mar 25 ’24. The Chief Technology Officer now owns 1,499,336 shares after completing the transaction at $1.02 per share. On Mar 11 ’24, another insider, Getz Heather C, who serves as the EVP, CFO & COO of the company, sold 81,448 shares for $1.14 each. As a result, the insider received 92,851 and left with 1,435,788 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.81 while its Price-to-Book (P/B) ratio in mrq is 0.84.
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.
Shares Statistics:
A total of 181.22M shares are outstanding, with a floating share count of 146.04M. Insiders hold about 29.84% of the company’s shares, while institutions hold 32.41% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Tidal Trust II different market analysts. The consensus estimate for the next quarter is $0.89, with high estimates of $8.49 and low estimates of $13.41.
Analysts are recommending an EPS of between $Financial Services and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Healthcare.
