Butterfly Network Inc (BFLY) concluded trading on Thursday at a closing price of $3.97, with 11.41 million shares of worth about $45.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 299.68% during that period and on Thursday the price saw a gain of about 27.24%. Currently the company’s common shares owned by public are about 186.56M shares, out of which, 150.74M shares are available for trading.
Stock saw a price change of 27.65% in past 5 days and over the past one month there was a price change of 17.80%. Year-to-date (YTD), BFLY shares are showing a performance of 27.24% which increased to 274.53% 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 $3.78 during that period. The average intraday trading volume for Butterfly Network Inc shares is 2.90 million. The stock is currently trading 18.51% above its 20-day simple moving average (SMA20), while that difference is up 38.08% for SMA50 and it goes to 149.72% higher than SMA200.
Butterfly Network Inc (NYSE: BFLY) currently have 186.56M outstanding shares and institutions hold larger chunk of about 23.33% of that.
The stock has a current market capitalization of $845.85M and its 3Y-monthly beta is at 2.45. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 2.85 while making debt-to-equity ratio of 0.13. 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 13.37% while standing at 10.58% over the month.
Stock’s fiscal year EPS is expected to rise by 52.82% while it is estimated to increase by 3.26% 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.
