Currently, there are 186.56M common shares owned by the public and among those 171.68M shares have been available to trade.
The company’s stock has a 5-day price change of -22.61% and 12.35% over the past three months. BFLY shares are trading 19.55% year to date (YTD), with the 12-month market performance up to 278.56% higher. It has a 12-month low price of $0.67 and touched a high of $4.98 over the same period. BFLY has an average intraday trading volume of 4.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.19%, -3.23%, and 74.29% respectively.
Institutional ownership of Butterfly Network Inc (NYSE: BFLY) shares accounts for 26.49% of the company’s 186.56M shares outstanding.
It has a market capitalization of $884.24M and a beta (3y monthly) value of 2.47. The earnings-per-share (ttm) stands at -$0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.62% over the week and 9.87% over the month.
Analysts forecast that Butterfly Network Inc (BFLY) will achieve an EPS of -0.08 for the current quarter, -0.08 for the next quarter and -0.29 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.09 while analysts give the company a high EPS estimate of -0.09. Comparatively, EPS for the current quarter was -0.21 a year ago. Earnings per share for the fiscal year are expected to increase by 52.31%, and 7.53% over the next financial year.
Looking at the support for the BFLY, a number of firms have released research notes about the stock. Lake Street stated their Buy rating for the stock in a research note on September 10, 2024, with the firm’s price target at $3. UBS coverage for the Butterfly Network Inc (BFLY) stock in a research note released on March 29, 2023 offered a Neutral rating with a price target of $2.25. Oppenheimer was of a view on November 29, 2022 that the stock is Outperform, while B. Riley Securities gave the stock Buy rating on October 04, 2022, issuing a price target of $9.50. UBS on their part issued Neutral rating on December 17, 2021.
