In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Butterfly Network Inc (NYSE: BFLY) closed at $4.04 in the last session, down -4.49% from day before closing price of $4.23. In other words, the price has decreased by -$4.49 from its previous closing price. On the day, 4.14 million shares were traded. BFLY stock price reached its highest trading level at $4.255 during the session, while it also had its lowest trading level at $3.765.
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 2.85 and its Current Ratio is at 4.66. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.12.
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, Lake Street on September 10, 2024, initiated with a Buy rating and assigned the stock a target price of $3.
On March 29, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $2.25.
On November 29, 2022, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $4.50.Oppenheimer initiated its Outperform rating on November 29, 2022, with a $4.50 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 Dec 31 ’24 when Stoica Andrei G bought 1,680 shares for $3.30 per share.
Stoica Andrei G sold 3,340 shares of BFLY for $10,010 on Dec 24 ’24. The Chief Technology Officer now owns 1,450,917 shares after completing the transaction at $3.00 per share. On Dec 20 ’24, another insider, Getz Heather C, who serves as the EVP, CFO & COO of the company, sold 30,136 shares for $3.06 each. As a result, the insider received 92,337 and left with 2,669,333 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 860770496 and an Enterprise Value of 790421696. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.29 while its Price-to-Book (P/B) ratio in mrq is 4.73. Its current Enterprise Value per Revenue stands at 10.37 whereas that against EBITDA is -8.14.
Stock Price History:
Over the past 52 weeks, BFLY has reached a high of $4.45, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 33.83%, while the 200-Day Moving Average is calculated to be 147.08%.
Shares Statistics:
According to the various share statistics, BFLY traded on average about 3.20M shares per day over the past 3-months and 4698370 shares per day over the past 10 days. A total of 186.56M shares are outstanding, with a floating share count of 150.74M. Insiders hold about 29.25% of the company’s shares, while institutions hold 23.33% stake in the company. Shares short for BFLY as of 1734048000 were 16430263 with a Short Ratio of 5.13, compared to 1731628800 on 12699324. Therefore, it implies a Short% of Shares Outstanding of 16430263 and a Short% of Float of 10.16.
