Gaining Ground: Butterfly Network Inc (BFLY) Closes Higher at 0.98, Up 2.91

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The price of Butterfly Network Inc (NYSE: BFLY) closed at $0.98 in the last session, up 2.91% from day before closing price of $0.96. In other words, the price has increased by $2.91 from its previous closing price. On the day, 1.58 million shares were traded. BFLY stock price reached its highest trading level at $1.07 during the session, while it also had its lowest trading level at $0.9703.

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 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:

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 May 03 ’24 when Getz Heather C sold 59,848 shares for $0.95 per share. The transaction valued at 57,035 led to the insider holds 2,699,469 shares of the business.

Stoica Andrei G sold 1,778 shares of BFLY for $1,782 on Apr 02 ’24. The Chief Technology Officer now owns 1,497,558 shares after completing the transaction at $1.00 per share. On Mar 25 ’24, another insider, Stoica Andrei G, who serves as the Chief Technology Officer of the company, sold 3,298 shares for $1.02 each. As a result, the insider received 3,380 and left with 1,499,336 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 201246816 and an Enterprise Value of 118966760. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 1.747 whereas that against EBITDA is -1.023.

Stock Price History:

The Beta on a monthly basis for BFLY is 2.15, which has changed by -0.4984694 over the last 52 weeks, in comparison to a change of 0.26159418 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 0.61%, while the 200-Day Moving Average is calculated to be -16.60%.

Shares Statistics:

According to the various share statistics, BFLY traded on average about 1.86M shares per day over the past 3-months and 2205020 shares per day over the past 10 days. A total of 181.22M shares are outstanding, with a floating share count of 146.80M. Insiders hold about 30.32% of the company’s shares, while institutions hold 30.08% stake in the company. Shares short for BFLY as of 1714435200 were 23049877 with a Short Ratio of 12.36, compared to 1711584000 on 21781509. Therefore, it implies a Short% of Shares Outstanding of 23049877 and a Short% of Float of 14.469999999999999.

Earnings Estimates

Its stock is currently analyzed by 2.0 different market analysts. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.1, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.11.

Analysts are recommending an EPS of between -$0.42 and -$0.42 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is -$0.41, with 2.0 analysts recommending between -$0.39 and -$0.44.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $19.58M. It ranges from a high estimate of $20.06M to a low estimate of $19.1M. As of the current estimate, Butterfly Network Inc’s year-ago sales were $18.49MFor the next quarter, 2 analysts are estimating revenue of $18.42M. There is a high estimate of $19.04M for the next quarter, whereas the lowest estimate is $17.8M.

A total of 2 analysts have provided revenue estimates for BFLY’s current fiscal year. The highest revenue estimate was $77.67M, while the lowest revenue estimate was $75M, resulting in an average revenue estimate of $76.33M. In the same quarter a year ago, actual revenue was $65.9MBased on 2 analysts’ estimates, the company’s revenue will be $90.49M in the next fiscal year. The high estimate is $90.98M and the low estimate is $90M.

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