Butterfly Network Inc [BFLY] stock is trading at $1.28, up 14.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BFLY shares have gain 7.56% over the last week, with a monthly amount glided 40.09%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Butterfly Network to Participate at the Oppenheimer 34th Annual Healthcare MedTech & Services Conference. In a post published today on Yahoo Finance, March 13, 2024.
From an analyst’s perspective:
Butterfly Network Inc [NYSE: BFLY] stock has seen the most recent analyst activity on March 29, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $2.25. Previously, Oppenheimer started tracking the stock with Outperform rating on November 29, 2022, and set its price target to $4.50. On October 04, 2022, B. Riley Securities initiated with a Buy rating and assigned a price target of $9.50 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $7 on December 17, 2021. Cowen initiated its recommendation with a Outperform and recommended $20 as its price target on June 21, 2021.
Butterfly Network Inc [BFLY] stock has fluctuated between $0.76 and $2.90 over the past year. Currently, Wall Street analysts expect the stock to reach $4.5 within the next 12 months. Butterfly Network Inc [NYSE: BFLY] shares were valued at $1.28 at the most recent close of the market. An investor can expect a potential return of 251.56% based on the average BFLY price forecast.
Analyzing the BFLY fundamentals
Butterfly Network Inc [NYSE:BFLY] reported sales of 65.90M for the trailing twelve months, which represents a drop of -13.00%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -2.21%, Pretax Profit Margin comes in at -2.03%, and Net Profit Margin reading is -2.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.51 and Total Capital is -0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.1500 points at the first support level, and at 1.0200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3600, and for the 2nd resistance point, it is at 1.4400.
Butterfly Network Inc [BFLY] reported earnings per share of -$0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of -$0.08 and a surprise factor of -61.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.13 per share as compared to estimates of -$0.15 per share, a difference of $0.02 representing a surprise of 13.30%.
Ratios To Look Out For
For context, Butterfly Network Inc’s Current Ratio is 5.22. In addition, the Quick Ratio stands at 3.51 and the Cash Ratio stands at 3.04. Considering the valuation of this stock, the price to sales ratio is 4.02, the price to book ratio is 1.21.
Transactions by insiders
Recent insider trading involved Stoica Andrei G, Chief Technology Officer, that happened on Mar 05 ’24 when 12113.0 shares were sold. EVP, CFO & COO, Getz Heather C completed a deal on Jan 05 ’24 to sell 66142.0 shares. Meanwhile, Chief Technology Officer Stoica Andrei G sold 35612.0 shares on Jan 05 ’24.
