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As of close of business last night, Butterfly Network Inc’s stock clocked out at $1.28, up 7.56% from its previous closing price of $1.19. In other words, the price has increased by $7.56 from its previous closing price. On the day, 2.53 million shares were traded. BFLY stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.21.
Ratios:
To gain a deeper understanding of BFLY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.24 and its Current Ratio is at 5.13. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 02 ’24 when Stoica Andrei G sold 1,703 shares for $0.87 per share. The transaction valued at 1,487 led to the insider holds 1,480,738 shares of the business.
Stoica Andrei G sold 3,363 shares of BFLY for $3,107 on Jun 25 ’24. The Chief Technology Officer now owns 1,482,441 shares after completing the transaction at $0.92 per share. On Jun 05 ’24, another insider, Stoica Andrei G, who serves as the Chief Technology Officer of the company, sold 11,754 shares for $0.90 each. As a result, the insider received 10,602 and left with 1,485,804 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 269706240 and an Enterprise Value of 181568064. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.96 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 2.667 whereas that against EBITDA is -1.561.
Stock Price History:
The Beta on a monthly basis for BFLY is 2.21, which has changed by -0.513308 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, BFLY has reached a high of $2.71, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 30.72%, while the 200-Day Moving Average is calculated to be 27.71%.
Shares Statistics:
It appears that BFLY traded 1.92M shares on average per day over the past three months and 2358660 shares per day over the past ten days. A total of 181.22M shares are outstanding, with a floating share count of 153.28M. Insiders hold about 27.25% of the company’s shares, while institutions hold 33.91% stake in the company. Shares short for BFLY as of 1719532800 were 21865802 with a Short Ratio of 11.40, compared to 1717113600 on 21619498. Therefore, it implies a Short% of Shares Outstanding of 21865802 and a Short% of Float of 13.73.
