Moreover, the 36-month beta value for BFLY is 1.75. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Butterfly Network Inc. (BFLY) is $3.50, which is $1.8 above the current market price. The public float for BFLY is 157.48M and currently, short sellers hold a 15.08% of that float. On September 18, 2023, BFLY’s average trading volume was 1.67M shares.
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BFLY) stock’s latest price update
The stock price of Butterfly Network Inc. (NYSE: BFLY) has jumped by 3.66 compared to previous close of 1.64. Despite this, the company has seen a fall of -9.09% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-28 that Butterfly Network’s mission to democratize ultrasound imaging with handheld scanners has not gained widespread adoption. The company’s recent Q2/2023 earnings report showed a decline in revenues, and management is guiding for a YoY decline in revenues for the full year. Butterfly Network is pivoting towards artificial intelligence, but it remains uncertain if this will be enough to reset the company’s growth trajectory.
BFLY’s Market Performance
Butterfly Network Inc. (BFLY) has seen a -9.09% fall in stock performance for the week, with a -7.61% decline in the past month and a -27.66% plunge in the past quarter. The volatility ratio for the week is 9.04%, and the volatility levels for the past 30 days are at 7.51% for BFLY. The simple moving average for the last 20 days is -5.32% for BFLY’s stock, with a simple moving average of -25.42% for the last 200 days.
Analysts’ Opinion of BFLY
Many brokerage firms have already submitted their reports for BFLY stocks, with UBS repeating the rating for BFLY by listing it as a “Neutral.” The predicted price for BFLY in the upcoming period, according to UBS is $2.25 based on the research report published on March 29, 2023 of the current year 2023.
BFLY Trading at -17.75% from the 50-Day Moving Average
After a stumble in the market that brought BFLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.40% of loss for the given period.
Volatility was left at 7.51%, however, over the last 30 days, the volatility rate increased by 9.04%, as shares sank -4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.67% lower at present.
During the last 5 trading sessions, BFLY fell by -9.09%, which changed the moving average for the period of 200-days by -42.76% in comparison to the 20-day moving average, which settled at $1.7915. In addition, Butterfly Network Inc. saw -30.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BFLY starting from Stoica Andrei G, who sale 11,674 shares at the price of $1.86 back on Sep 06. After this action, Stoica Andrei G now owns 1,029,128 shares of Butterfly Network Inc., valued at $21,679 using the latest closing price.
DEVIVO JOSEPH, the President & CEO of Butterfly Network Inc., purchase 10,000 shares at $1.81 during a trade that took place back on Aug 30, which means that DEVIVO JOSEPH is holding 4,010,000 shares at $18,100 based on the most recent closing price.
Stock Fundamentals for BFLY
Current profitability levels for the company are sitting at:
- -260.57 for the present operating margin
- +53.77 for the gross margin
The net margin for Butterfly Network Inc. stands at -229.90. The total capital return value is set at -45.86, while invested capital returns managed to touch -40.62. Equity return is now at value -48.50, with -37.50 for asset returns.
Based on Butterfly Network Inc. (BFLY), the company’s capital structure generated 9.80 points at debt to equity in total, while total debt to capital is 8.93. Total debt to assets is 7.64, with long-term debt to equity ratio resting at 9.21. Finally, the long-term debt to capital ratio is 8.39.
When we switch over and look at the enterprise to sales, we see a ratio of 2.00, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 5.51 and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.96.
Conclusion
To wrap up, the performance of Butterfly Network Inc. (BFLY) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
