After finishing at $1.00 in the prior trading day, Butterfly Network Inc (NYSE: BFLY) closed at $1.02, up 2.25%. On the day, 703078 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:
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 212.30M and an Enterprise Value of 102.89M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.56 whereas that against EBITDA 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. The 50-Day Moving Average of the stock is 1.0670, while the 200-Day Moving Average is calculated to be 1.3613.
Shares Statistics:
The stock has traded on average 1.83M shares per day over the past 3-months and 1.12M shares per day over the last 10 days, according to various share statistics. A total of 181.22M shares are outstanding, with a floating share count of 145.84M. Insiders hold about 29.64% of the company’s shares, while institutions hold 32.41% stake in the company. Shares short for BFLY as of Mar 15, 2024 were 19.9M with a Short Ratio of 10.87, compared to 18.52M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.56% and a Short% of Float of 12.58%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. 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
2 analysts predict $16.8M in revenue for the current quarter. It ranges from a high estimate of $17.1M 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 $19.05M, an increase of 3.00% 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 $18.9M.
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.
