Ratios Revealed: Decoding Butterfly Network Inc (BFLY)’s Financial Health

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The closing price of Butterfly Network Inc (NYSE: BFLY) was $1.05 for the day, up 3.96% from the previous closing price of $1.01. In other words, the price has increased by $3.96 from its previous closing price. On the day, 2.53 million shares were traded. BFLY stock price reached its highest trading level at $1.06 during the session, while it also had its lowest trading level at $0.9802.

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 3.24 and its Current Ratio is at 5.13. 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, 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:

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 Jul 02 ’24 when Stoica Andrei G sold 1,703 shares for $0.87 per share. The transaction valued at 1,487 led to the insider holds 1,480,738 shares of the business.

Stoica Andrei G sold 3,363 shares of BFLY for $3,107 on Jun 25 ’24. The Chief Technology Officer now owns 1,482,441 shares after completing the transaction at $0.92 per share. On Jun 05 ’24, another insider, Stoica Andrei G, who serves as the Chief Technology Officer of the company, sold 11,754 shares for $0.90 each. As a result, the insider received 10,602 and left with 1,485,804 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 212815024 and an Enterprise Value of 133105256. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.955 whereas that against EBITDA is -1.144.

Stock Price History:

The Beta on a monthly basis for BFLY is 2.16, which has changed by -0.54347825 over the last 52 weeks, in comparison to a change of 0.24704397 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 $0.67. The 50-Day Moving Average of the stock is 11.04%, while the 200-Day Moving Average is calculated to be 4.57%.

Shares Statistics:

BFLY traded an average of 1.82M shares per day over the past three months and 3907720 shares per day over the past ten days. A total of 181.22M shares are outstanding, with a floating share count of 153.11M. Insiders hold about 27.34% of the company’s shares, while institutions hold 32.94% stake in the company. Shares short for BFLY as of 1718323200 were 21881174 with a Short Ratio of 12.00, compared to 1715731200 on 24020994. Therefore, it implies a Short% of Shares Outstanding of 21881174 and a Short% of Float of 13.74.

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