Butterfly Network Inc [BFLY] stock prices are up 8.39% to $0.94 at the moment. 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 0.41% over the last week, with a monthly amount drifted -5.52%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Butterfly Network Inc [BFLY] has been fluctuating between $0.67 and $2.71 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 $0.94 at the most recent close of the market. An investor can expect a potential return of 378.72% based on the average BFLY price forecast.
Analyzing the BFLY fundamentals
The Butterfly Network Inc [NYSE:BFLY] reported sales of 68.08M for trailing twelve months, representing a surge of 14.09%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -1.93%, Pretax Profit Margin comes in at -1.79%, and Net Profit Margin reading is -1.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.43, Equity is -0.51 and Total Capital is -0.54. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 0.8853 points at the first support level, and at 0.8307 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9693, and for the 2nd resistance point, it is at 0.9987.
Ratios To Look Out For
It’s worth pointing out that Butterfly Network Inc [NYSE:BFLY]’s Current Ratio is 5.13. In addition, the Quick Ratio stands at 3.24 and the Cash Ratio stands at 2.72. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 0.97.
Transactions by insiders
Recent insider trading involved Stoica Andrei G, Chief Technology Officer, that happened on Jun 25 ’24 when 3363.0 shares were sold. Chief Technology Officer, Stoica Andrei G completed a deal on Jun 05 ’24 to sell 11754.0 shares. Meanwhile, EVP, CFO & COO Getz Heather C sold 59848.0 shares on May 03 ’24.
