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Butterfly Network Inc (NYSE: BFLY) closed the day trading at $0.78 up 10.50% from the previous closing price of $0.70. In other words, the price has increased by $10.50 from its previous closing price. On the day, 1.71 million shares were traded. BFLY stock price reached its highest trading level at $0.7823 during the session, while it also had its lowest trading level at $0.71.
Ratios:
For a better understanding of BFLY, let’s 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 162094768 and an Enterprise Value of 52684924. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 0.799 whereas that against EBITDA is -0.424.
Stock Price History:
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 -25.07%, while the 200-Day Moving Average is calculated to be -38.57%.
Shares Statistics:
Over the past 3-months, BFLY traded about 1.70M shares per day on average, while over the past 10 days, BFLY traded about 1558130 shares per day. A total of 181.22M shares are outstanding, with a floating share count of 148.09M. Insiders hold about 29.71% of the company’s shares, while institutions hold 31.19% stake in the company. Shares short for BFLY as of 1713139200 were 22587343 with a Short Ratio of 13.26, compared to 1710460800 on 19904555. Therefore, it implies a Short% of Shares Outstanding of 22587343 and a Short% of Float of 14.280000000000001.
