Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Butterfly Network Inc (NYSE: BFLY) was $4.06 for the day, down -1.93% from the previous closing price of $4.14. In other words, the price has decreased by -$1.93 from its previous closing price. On the day, 2.46 million shares were traded. BFLY stock price reached its highest trading level at $4.27 during the session, while it also had its lowest trading level at $4.04.
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 962471680 and an Enterprise Value of 794682880. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.63 while its Price-to-Book (P/B) ratio in mrq is 4.76. Its current Enterprise Value per Revenue stands at 10.426 whereas that against EBITDA is -8.184.
Stock Price History:
The Beta on a monthly basis for BFLY is 2.48, which has changed by 3.0588236 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, BFLY has reached a high of $4.79, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 10.89%, while the 200-Day Moving Average is calculated to be 105.08%.
Shares Statistics:
BFLY traded an average of 4.01M shares per day over the past three months and 6190040 shares per day over the past ten days. A total of 186.56M shares are outstanding, with a floating share count of 170.54M. Insiders hold about 28.06% of the company’s shares, while institutions hold 20.52% stake in the company. Shares short for BFLY as of 1738281600 were 15030855 with a Short Ratio of 4.56, compared to 1735603200 on 17124629. Therefore, it implies a Short% of Shares Outstanding of 15030855 and a Short% of Float of 8.1.
Earnings Estimates
The market rating of Butterfly Network Inc (BFLY) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.23 and -$0.35 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.29, with 3.0 analysts recommending between -$0.2 and -$0.34.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $22.31M to a low estimate of $21.3M. As of the current estimate, Butterfly Network Inc’s year-ago sales were $16.52MFor the next quarter, 3 analysts are estimating revenue of $22.23M. There is a high estimate of $22.8M for the next quarter, whereas the lowest estimate is $21.66M.
A total of 3 analysts have provided revenue estimates for BFLY’s current fiscal year. The highest revenue estimate was $82.01M, while the lowest revenue estimate was $81M, resulting in an average revenue estimate of $81.67M. In the same quarter a year ago, actual revenue was $65.9MBased on 3 analysts’ estimates, the company’s revenue will be $97.8M in the next fiscal year. The high estimate is $103.1M and the low estimate is $95M.
