Currently, there are 188.63M common shares owned by the public and among those 179.29M shares have been available to trade.
The company’s stock has a 5-day price change of -18.38% and -35.84% over the past three months. BFLY shares are trading -28.85% year to date (YTD), with the 12-month market performance up to 105.56% 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 4.39 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 -15.93%, -36.44%, and -6.22% respectively.
Institutional ownership of Butterfly Network Inc (NYSE: BFLY) shares accounts for 25.85% of the company’s 188.63M shares outstanding.
It has a market capitalization of $539.28M and a beta (3y monthly) value of 2.60. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.98% over the week and 7.34% over the month.
Earnings per share for the fiscal year are expected to decrease by -20.24%, and 11.88% over the next financial year. EPS should shrink at an annualized rate of 3.28% over the next five years, compared to 66.40% over the past 5-year period.
Lake Street coverage for the Butterfly Network Inc (BFLY) stock in a research note released on September 10, 2024 offered a Buy rating with a price target of $3. UBS was of a view on March 29, 2023 that the stock is Neutral, while Oppenheimer gave the stock Outperform rating on November 29, 2022, issuing a price target of $4.50. B. Riley Securities on their part issued Buy rating on October 04, 2022.
