The 36-month beta value for BFLY is also noteworthy at 2.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BFLY is 146.04M, and at present, short sellers hold a 14.91% of that float. The average trading volume of BFLY on April 11, 2024 was 1.73M shares.
BFLY) stock’s latest price update
Butterfly Network Inc (NYSE: BFLY)’s stock price has plunge by -5.38relation to previous closing price of 1.02. Nevertheless, the company has seen a -7.20% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-05 that Here is how Butterfly Network, Inc. (BFLY) and BellRing Brands (BRBR) have performed compared to their sector so far this year.
BFLY’s Market Performance
BFLY’s stock has fallen by -7.20% in the past week, with a monthly drop of -13.05% and a quarterly drop of -17.51%. The volatility ratio for the week is 5.16% while the volatility levels for the last 30 days are 6.21% for Butterfly Network Inc The simple moving average for the last 20 days is -7.90% for BFLY stock, with a simple moving average of -28.49% 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 previous year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see BFLY reach a price target of $4.50. The rating they have provided for BFLY stocks is “Outperform” according to the report published on November 29th, 2022.
B. Riley Securities gave a rating of “Buy” to BFLY, setting the target price at $9.50 in the report published on October 04th of the previous year.
BFLY Trading at -9.59% 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 -66.72% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.80% lower at present.
During the last 5 trading sessions, BFLY fell by -7.20%, which changed the moving average for the period of 200-days by -54.04% in comparison to the 20-day moving average, which settled at $1.0441. In addition, Butterfly Network Inc saw -10.64% 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 1,778 shares at the price of $1.00 back on Apr 02 ’24. After this action, Stoica Andrei G now owns 1,497,558 shares of Butterfly Network Inc, valued at $1,782 using the latest closing price.
Stoica Andrei G, the Chief Technology Officer of Butterfly Network Inc, sale 3,298 shares at $1.02 during a trade that took place back on Mar 25 ’24, which means that Stoica Andrei G is holding 1,499,336 shares at $3,380 based on the most recent closing price.
Stock Fundamentals for BFLY
Current profitability levels for the company are sitting at:
- -2.2 for the present operating margin
- 0.26 for the gross margin
The net margin for Butterfly Network Inc stands at -2.03. The total capital return value is set at -0.56. Equity return is now at value -49.03, with -37.04 for asset returns.
Based on Butterfly Network Inc (BFLY), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -3.95. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 104.75.
Currently, EBITDA for the company is -116.87 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.22.
Conclusion
In summary, Butterfly Network Inc (BFLY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
