In the latest session, Butterfly Network Inc (NYSE: BFLY) closed at $1.02 up 3.52% from its previous closing price of $0.99. In other words, the price has increased by $+0.0347 from its previous closing price. On the day, 1180758 shares were traded. BFLY stock price reached its highest trading level at $1.0600 during the session, while it also had its lowest trading level at $0.9750.
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Ratios:
For a deeper understanding of Butterfly Network Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.79 and its Current Ratio is at 5.92. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 211.27M and an Enterprise Value of 86.59M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is -0.77.
Stock Price History:
The Beta on a monthly basis for BFLY is 1.97, which has changed by -54.05% over the last 52 weeks, in comparison to a change of 27.79% over the same period for the S&P500. 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 1.0165, while the 200-Day Moving Average is calculated to be 1.5143.
Shares Statistics:
For the past three months, BFLY has traded an average of 1.73M shares per day and 1.41M over the past ten days. A total of 174.46M shares are outstanding, with a floating share count of 149.83M. Insiders hold about 27.66% of the company’s shares, while institutions hold 32.59% stake in the company. Shares short for BFLY as of Jan 31, 2024 were 18.27M with a Short Ratio of 10.55, compared to 16.25M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.82% and a Short% of Float of 11.62%.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.15, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.12 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.56 and -$0.59 for the fiscal current year, implying an average EPS of -$0.57. EPS for the following year is -$0.49, with 2 analysts recommending between -$0.47 and -$0.51.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $15.35M this quarter.It ranges from a high estimate of $16M to a low estimate of $14.7M. As of the current estimate, Butterfly Network Inc’s year-ago sales were $18.98M, an estimated decrease of -19.10% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $18.9M, an increase of 22.10% over than the figure of -$19.10% in the same quarter last year. There is a high estimate of $18.9M 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 $65.36M, while the lowest revenue estimate was $64M, resulting in an average revenue estimate of $64.68M. In the same quarter a year ago, actual revenue was $73.39M, down -11.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $74.92M in the next fiscal year. The high estimate is $79.33M and the low estimate is $70.5M. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
