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.
As of close of business last night, Butterfly Network Inc’s stock clocked out at $2.68, up 5.10% from its previous closing price of $2.55. In other words, the price has increased by $5.10 from its previous closing price. On the day, 2.53 million shares were traded. BFLY stock price reached its highest trading level at $2.7 during the session, while it also had its lowest trading level at $2.595.
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 2.41 and its Current Ratio is at 3.99. In the meantime, Its Debt-to-Equity ratio is 0.14 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:
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 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 651033664 and an Enterprise Value of 585094016. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.93 while its Price-to-Book (P/B) ratio in mrq is 3.41. Its current Enterprise Value per Revenue stands at 7.13 whereas that against EBITDA is -8.851.
Stock Price History:
The Beta on a monthly basis for BFLY is 2.55, which has changed by 1.4814816 over the last 52 weeks, in comparison to a change of 0.09506309 over the same period for the S&P500. Over the past 52 weeks, BFLY has reached a high of $4.98, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is -29.10%, while the 200-Day Moving Average is calculated to be 18.02%.
Shares Statistics:
It appears that BFLY traded 4.43M shares on average per day over the past three months and 3991210 shares per day over the past ten days. A total of 188.63M shares are outstanding, with a floating share count of 179.29M. Insiders hold about 26.19% of the company’s shares, while institutions hold 25.85% stake in the company. Shares short for BFLY as of 1740700800 were 12322579 with a Short Ratio of 2.78, compared to 1738281600 on 15030855. Therefore, it implies a Short% of Shares Outstanding of 12322579 and a Short% of Float of 6.43.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
