Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The closing price of Butterfly Network Inc (NYSE: BFLY) was $3.37 for the day, up 0.60% from the previous closing price of $3.35. In other words, the price has increased by $0.60 from its previous closing price. On the day, 3.74 million shares were traded. BFLY stock price reached its highest trading level at $3.69 during the session, while it also had its lowest trading level at $3.261.
Ratios:
Our analysis of BFLY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.85 and its Current Ratio is at 4.66. In the meantime, Its Debt-to-Equity ratio is 0.13 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 718018944 and an Enterprise Value of 647670080. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.42 while its Price-to-Book (P/B) ratio in mrq is 3.95. Its current Enterprise Value per Revenue stands at 8.497 whereas that against EBITDA is -6.67.
Stock Price History:
The Beta on a monthly basis for BFLY is 2.43, which has changed by 2.2211537 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, BFLY has reached a high of $4.45, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 6.78%, while the 200-Day Moving Average is calculated to be 99.87%.
Shares Statistics:
BFLY traded an average of 3.39M shares per day over the past three months and 4838170 shares per day over the past ten days. A total of 186.56M shares are outstanding, with a floating share count of 150.74M. Insiders hold about 29.25% of the company’s shares, while institutions hold 23.34% stake in the company. Shares short for BFLY as of 1735603200 were 17124629 with a Short Ratio of 5.06, compared to 1732838400 on 15225255. Therefore, it implies a Short% of Shares Outstanding of 17124629 and a Short% of Float of 10.5900005.
