Butterfly Network Inc (BFLY) concluded trading on Wednesday at a closing price of $2.63, with 5.48 million shares of worth about $14.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.06% during that period and on Wednesday the price saw a gain of about 3.95%. Currently the company’s common shares owned by public are about 220.82M shares, out of which, 183.31M shares are available for trading.
Stock saw a price change of 14.85% in past 5 days and over the past one month there was a price change of 8.23%. Year-to-date (YTD), BFLY shares are showing a performance of -15.71% which increased to 155.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.82 but also hit the highest price of $4.98 during that period. The average intraday trading volume for Butterfly Network Inc shares is 3.24 million. The stock is currently trading 14.32% above its 20-day simple moving average (SMA20), while that difference is up 10.99% for SMA50 and it goes to 0.39% higher than SMA200.
Butterfly Network Inc (NYSE: BFLY) currently have 220.82M outstanding shares and institutions hold larger chunk of about 37.38% of that.
The stock has a current market capitalization of $650.37M and its 3Y-monthly beta is at 2.57. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 4.29 while making debt-to-equity ratio of 0.09. 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 7.22% while standing at 4.50% over the month.
Stock’s fiscal year EPS is expected to drop by -4.76% while it is estimated to increase by 13.64% in next year. EPS is likely to shrink at an annualized rate of 5.90% for next 5-years, compared to annual growth of 66.40% made by the stock over the past 5-years.
Coverage by Lake Street stated Butterfly Network Inc (BFLY) stock as a Buy in their note to investors on September 10, 2024, suggesting a price target of $3 for the stock. On March 29, 2023, UBS Initiated their recommendations, while on November 29, 2022, Oppenheimer Initiated their ratings for the stock with a price target of $4.50. Stock get a Buy rating from B. Riley Securities on October 04, 2022.
