Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Butterfly Network Inc’s stock clocked out at $1.01, up 4.18% from its previous closing price of $0.97. In other words, the price has increased by $4.18 from its previous closing price. On the day, 1.72 million shares were traded. BFLY stock price reached its highest trading level at $1.02 during the session, while it also had its lowest trading level at $0.93.
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 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 212815072 and an Enterprise Value of 124676944. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.13 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.831 whereas that against EBITDA is -1.072.
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 -0.44%, while the 200-Day Moving Average is calculated to be -16.72%.
Shares Statistics:
It appears that BFLY traded 1.85M shares on average per day over the past three months and 2148540 shares per day over the past ten days. 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 30.76% stake in the company. Shares short for BFLY as of 1713139200 were 22587343 with a Short Ratio of 12.22, compared to 1710460800 on 19904555. Therefore, it implies a Short% of Shares Outstanding of 22587343 and a Short% of Float of 14.280000000000001.
