The stock of Butterfly Network Inc (BFLY) has seen a -11.25% decrease in the past week, with a -3.58% drop in the past month, and a 102.86% flourish in the past quarter. The volatility ratio for the week is 12.17%, and the volatility levels for the past 30 days are at 9.13% for BFLY. The simple moving average for the last 20 days is -5.70% for BFLY’s stock, with a simple moving average of 104.09% for the last 200 days.
Is It Worth Investing in Butterfly Network Inc (NYSE: BFLY) Right Now?
Company’s 36-month beta value is 2.47.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BFLY is 150.33M, and currently, short sellers hold a 10.13% ratio of that floaft. The average trading volume of BFLY on December 24, 2024 was 2.88M shares.
BFLY) stock’s latest price update
Butterfly Network Inc (NYSE: BFLY)’s stock price has gone rise by 3.44 in comparison to its previous close of 3.02, however, the company has experienced a -11.25% decrease in its stock price over the last five trading days. businesswire.com reported 2024-12-16 that NEW YORK & BURLINGTON, Mass.–(BUSINESS WIRE)—- $BFLY #POCUS–Butterfly Network, Inc. (NYSE: BFLY) (“Butterfly”), a digital health company transforming care with handheld, whole-body ultrasound and intuitive software, today announced that it will participate at the 43rd Annual J.P. Morgan Healthcare Conference taking place January 13-16, 2025 at the Westin St. Francis in San Francisco, California. Joseph DeVivo, President, Chief Executive Officer & Chairman and Heather Getz, Executive Vice President &.
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 15.53% 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 -17.35% of loss for the given period.
Volatility was left at 9.13%, however, over the last 30 days, the volatility rate increased by 12.17%, as shares sank -4.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.21% upper at present.
During the last 5 trading sessions, BFLY fell by -10.94%, which changed the moving average for the period of 200-days by +182.43% in comparison to the 20-day moving average, which settled at $3.31. In addition, Butterfly Network Inc saw 189.26% 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 Cashman Steve, who proposed sale 164,079 shares at the price of $3.06 back on Dec 20 ’24. After this action, Cashman Steve now owns shares of Butterfly Network Inc, valued at $502,787 using the latest closing price.
Getz Heather C, the Officer of Butterfly Network Inc, proposed sale 30,136 shares at $3.06 during a trade that took place back on Dec 20 ’24, which means that Getz Heather C is holding shares at $92,346 based on the most recent closing price.
Stock Fundamentals for BFLY
Current profitability levels for the company are sitting at:
- -1.33 for the present operating margin
- 0.3 for the gross margin
The net margin for Butterfly Network Inc stands at -1.29. The total capital return value is set at -0.46. Equity return is now at value -44.85, with -32.87 for asset returns.
Currently, EBITDA for the company is -124.84 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 7.85. The receivables turnover for the company is 3.7for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.66.
Conclusion
In a nutshell, Butterfly Network Inc (BFLY) has experienced a mixed 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.
