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In the latest session, Butterfly Network Inc (NYSE: BFLY) closed at $1.58 up 3.95% from its previous closing price of $1.52. In other words, the price has increased by $3.95 from its previous closing price. On the day, 1.67 million shares were traded. BFLY stock price reached its highest trading level at $1.685 during the session, while it also had its lowest trading level at $1.5225.
Ratios:
For a deeper understanding of Butterfly Network Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 5.01. 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 24 ’24 when Stoica Andrei G sold 3,296 shares for $1.74 per share. The transaction valued at 5,735 led to the insider holds 1,467,230 shares of the business.
Stoica Andrei G bought 3,296 shares of BFLY for $5,734 on Sep 24 ’24. On Sep 13 ’24, another insider, Phanstiel S. Louise, who serves as the Director of the company, sold 60,049 shares for $1.96 each. As a result, the insider received 117,792 and left with 0 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 335866944 and an Enterprise Value of 257790384. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.73 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 3.627 whereas that against EBITDA is -2.492.
Stock Price History:
Over the past 52 weeks, BFLY has reached a high of $2.20, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 23.56%, while the 200-Day Moving Average is calculated to be 46.99%.
Shares Statistics:
For the past three months, BFLY has traded an average of 2.35M shares per day and 2231830 over the past ten days. A total of 181.22M shares are outstanding, with a floating share count of 149.83M. Insiders hold about 29.52% of the company’s shares, while institutions hold 28.27% stake in the company. Shares short for BFLY as of 1726185600 were 14472977 with a Short Ratio of 6.17, compared to 1723680000 on 14353567. Therefore, it implies a Short% of Shares Outstanding of 14472977 and a Short% of Float of 8.979999.
