Butterfly Network Inc (BFLY) concluded trading on Thursday at a closing price of $1.16, with 4.07 million shares of worth about $4.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.85% during that period and on July 11, 2024 the price saw a gain of about 20.06%. Currently the company’s common shares owned by public are about 181.22M shares, out of which, 153.11M shares are available for trading.
Stock saw a price change of 16.78% in past 5 days and over the past one month there was a price change of 22.11%. Year-to-date (YTD), BFLY shares are showing a performance of 7.41% which decreased to -47.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.67 but also hit the highest price of $2.71 during that period. The average intraday trading volume for Butterfly Network Inc shares is 1.86 million. The stock is currently trading 23.76% above its 20-day simple moving average (SMA20), while that difference is up 21.31% for SMA50 and it goes to 15.73% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Butterfly Network Inc (NYSE: BFLY) currently have 181.22M outstanding shares and institutions hold larger chunk of about 33.95% of that.
The stock has a current market capitalization of $244.42M and its 3Y-monthly beta is at 2.17. It has posted earnings per share of -$0.59 in the same period. It has Quick Ratio of 3.24 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BFLY, volatility over the week remained 9.61% while standing at 7.59% over the month.
Stock’s fiscal year EPS is expected to rise by 35.38% while it is estimated to increase by 1.19% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on March 29, 2023 offering a Neutral rating for the stock and assigned a target price of $2.25 to it. Coverage by Oppenheimer stated Butterfly Network Inc (BFLY) stock as an Outperform in their note to investors on November 29, 2022, suggesting a price target of $4.50 for the stock. On October 04, 2022, B. Riley Securities Initiated their recommendations, while on December 17, 2021, UBS Initiated their ratings for the stock with a price target of $7. Stock get an Outperform rating from Cowen on June 21, 2021.
