The 36-month beta value for BFLY is at 2.16. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BFLY is 153.11M, and currently, shorts hold a 14.12% of that float. The average trading volume for BFLY on June 26, 2024 was 1.39M shares.
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BFLY) stock’s latest price update
Butterfly Network Inc (NYSE: BFLY) has seen a rise in its stock price by 4.97 in relation to its previous close of 0.94. However, the company has experienced a 12.17% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-06-24 that BORDEAUX, France–(BUSINESS WIRE)– #artificialintelligience–HeartFocus, the AI-driven heart exam software by DESKi announced it has joined Butterfly Garden, an AI Marketplace launched by Butterfly Network, Inc.
BFLY’s Market Performance
Butterfly Network Inc (BFLY) has experienced a 12.17% rise in stock performance for the past week, with a -2.70% drop in the past month, and a -1.73% drop in the past quarter. The volatility ratio for the week is 5.42%, and the volatility levels for the past 30 days are at 6.02% for BFLY. The simple moving average for the past 20 days is 3.84% for BFLY’s stock, with a -4.98% simple moving average for the past 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 6.31% 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 -63.74% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares sank -5.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.32% upper at present.
During the last 5 trading sessions, BFLY rose by +11.60%, which changed the moving average for the period of 200-days by -47.72% in comparison to the 20-day moving average, which settled at $0.9438. In addition, Butterfly Network Inc saw -9.00% 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 11,754 shares at the price of $0.90 back on Jun 05 ’24. After this action, Stoica Andrei G now owns 1,485,804 shares of Butterfly Network Inc, valued at $10,602 using the latest closing price.
Getz Heather C, the EVP, CFO & COO of Butterfly Network Inc, sale 59,848 shares at $0.95 during a trade that took place back on May 03 ’24, which means that Getz Heather C is holding 2,699,469 shares at $57,035 based on the most recent closing price.
Stock Fundamentals for BFLY
Current profitability levels for the company are sitting at:
- -1.93 for the present operating margin
- 0.27 for the gross margin
The net margin for Butterfly Network Inc stands at -1.79. The total capital return value is set at -0.54. Equity return is now at value -48.75, with -36.61 for asset returns.
Based on Butterfly Network Inc (BFLY), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -3.11. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -77.95.
Currently, EBITDA for the company is -116.87 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.76. The receivables turnover for the company is 4.89for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.13.
Conclusion
In conclusion, Butterfly Network Inc (BFLY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
