Butterfly Network Inc (NYSE: BFLY) has seen a decline in its stock price by -3.35 in relation to its previous close of 1.79. However, the company has experienced a -5.46% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-09-17 that BURLINGTON, Mass. & NEW YORK–(BUSINESS WIRE)—- $BFLY #POCUS–Butterfly Network, Inc. (“Butterfly”, “the Company”) (NYSE: BFLY), a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today published a case study highlighting the positive impact of University of Rochester Medical Center’s (URMC) transformative, system-wide deployment of Butterfly’s point-of-care ultrasound (POCUS) devices and enterprise ultrasound platform, C.
Is It Worth Investing in Butterfly Network Inc (NYSE: BFLY) Right Now?
Company’s 36-month beta value is 2.13.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BFLY is 149.83M, and currently, short sellers hold a 9.52% ratio of that floaft. The average trading volume of BFLY on September 24, 2024 was 2.29M shares.
BFLY’s Market Performance
The stock of Butterfly Network Inc (BFLY) has seen a -5.46% decrease in the past week, with a 91.58% rise in the past month, and a 84.63% gain in the past quarter. The volatility ratio for the week is 7.19%, and the volatility levels for the past 30 days are at 10.91% for BFLY. The simple moving average for the past 20 days is 11.58% for BFLY’s stock, with a 62.95% simple moving average for the past 200 days.
Analysts’ Opinion of BFLY
Many brokerage firms have already submitted their reports for BFLY stocks, with Lake Street repeating the rating for BFLY by listing it as a “Buy.” The predicted price for BFLY in the upcoming period, according to Lake Street is $3 based on the research report published on September 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see BFLY reach a price target of $2.25. The rating they have provided for BFLY stocks is “Neutral” according to the report published on March 29th, 2023.
Oppenheimer gave a rating of “Outperform” to BFLY, setting the target price at $4.50 in the report published on November 29th of the previous year.
BFLY Trading at 38.74% 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 -21.36% of loss for the given period.
Volatility was left at 10.91%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares surge +80.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.86% upper at present.
During the last 5 trading sessions, BFLY fell by -5.46%, which changed the moving average for the period of 200-days by +82.11% in comparison to the 20-day moving average, which settled at $1.5890. In addition, Butterfly Network Inc saw 60.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BFLY starting from Phanstiel S. Louise, who sale 60,049 shares at the price of $1.96 back on Sep 13 ’24. After this action, Phanstiel S. Louise now owns 0 shares of Butterfly Network Inc, valued at $117,792 using the latest closing price.
S. Louise Phanstiel, the Director of Butterfly Network Inc, proposed sale 60,049 shares at $1.93 during a trade that took place back on Sep 13 ’24, which means that S. Louise Phanstiel is holding shares at $115,895 based on the most recent closing price.
Stock Fundamentals for BFLY
Current profitability levels for the company are sitting at:
- -1.64 for the present operating margin
- 0.28 for the gross margin
The net margin for Butterfly Network Inc stands at -1.53. The total capital return value is set at -0.5. Equity return is now at value -46.17, with -34.17 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 -2.49. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -58.55.
Currently, EBITDA for the company is -116.87 million with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 4.41for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.01.
Conclusion
In a nutshell, Butterfly Network Inc (BFLY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
