Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Butterfly Network Inc (NYSE: BFLY) closed the day trading at $0.72 down -5.72% from the previous closing price of $0.76. In other words, the price has decreased by $-5.72 from its previous closing price. On the day, 1.97 million shares were traded. BFLY stock price reached its highest trading level at $0.7799 during the session, while it also had its lowest trading level at $0.72.
Ratios:
For a better understanding of BFLY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 5.22. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 02 ’24 when Stoica Andrei G sold 1,778 shares for $1.00 per share. The transaction valued at 1,782 led to the insider holds 1,497,558 shares of the business.
Stoica Andrei G sold 3,298 shares of BFLY for $3,380 on Mar 25 ’24. The Chief Technology Officer now owns 1,499,336 shares after completing the transaction at $1.02 per share. On Mar 11 ’24, another insider, Getz Heather C, who serves as the EVP, CFO & COO of the company, sold 81,448 shares for $1.14 each. As a result, the insider received 92,851 and left with 1,435,788 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 150043808 and an Enterprise Value of 49729420. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.755 whereas that against EBITDA is -0.4.
Stock Price History:
The Beta on a monthly basis for BFLY is 2.11, which has changed by -0.6825726 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, BFLY has reached a high of $2.71, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is -31.96%, while the 200-Day Moving Average is calculated to be -44.40%.
Shares Statistics:
Over the past 3-months, BFLY traded about 1.68M shares per day on average, while over the past 10 days, BFLY traded about 1304440 shares per day. 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 31.28% stake in the company. Shares short for BFLY as of 1711584000 were 21781509 with a Short Ratio of 12.97, compared to 1709164800 on 18748574. Therefore, it implies a Short% of Shares Outstanding of 21781509 and a Short% of Float of 13.77.
Earnings Estimates
The dynamic stock of Butterfly Network Inc (BFLY) is currently being evaluated by a team of Tidal Trust II analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.72, with high estimates of $8.42 and low estimates of $14.17.
