Butterfly Network Inc (BFLY) concluded trading on Thursday at a closing price of $1.90, with 2.36 million shares of worth about $4.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 90.46% during that period and on October 03, 2024 the price saw a gain of about 6.74%. Currently the company’s common shares owned by public are about 181.22M shares, out of which, 149.83M shares are available for trading.
Stock saw a price change of 25.00% in past 5 days and over the past one month there was a price change of 25.83%. Year-to-date (YTD), BFLY shares are showing a performance of 75.93% which increased to 80.95% 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 $2.20 during that period. The average intraday trading volume for Butterfly Network Inc shares is 2.04 million. The stock is currently trading 7.13% above its 20-day simple moving average (SMA20), while that difference is up 43.47% for SMA50 and it goes to 74.20% higher than SMA200.
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Butterfly Network Inc (NYSE: BFLY) currently have 181.22M outstanding shares and institutions hold larger chunk of about 28.27% of that.
The stock has a current market capitalization of $403.88M and its 3Y-monthly beta is at 2.17. It has posted earnings per share of -$0.52 in the same period. It has Quick Ratio of 3.09 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 11.22% while standing at 11.13% over the month.
Stock’s fiscal year EPS is expected to rise by 49.74% while it is estimated to decrease by -6.12% 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 Lake Street on September 10, 2024 offering a Buy rating for the stock and assigned a target price of $3 to it. Coverage by UBS stated Butterfly Network Inc (BFLY) stock as a Neutral in their note to investors on March 29, 2023, suggesting a price target of $2.25 for the stock. On November 29, 2022, Oppenheimer Initiated their recommendations, while on October 04, 2022, B. Riley Securities Initiated their ratings for the stock with a price target of $9.50. Stock get a Neutral rating from UBS on December 17, 2021.
