Butterfly Network Inc [BFLY] stock prices are up 3.41% to $1.82 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BFLY shares have gain 3.41% over the last week, with a monthly amount glided 19.74%, and 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 September 10, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $3. Previously, UBS started tracking the stock with Neutral rating on March 29, 2023, and set its price target to $2.25. On November 29, 2022, Oppenheimer initiated with a Outperform rating and assigned a price target of $4.50 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $9.50 on October 04, 2022. UBS initiated its recommendation with a Neutral and recommended $7 as its price target on December 17, 2021. Cowen started tracking with a Outperform rating for this stock on June 21, 2021, and assigned it a price target of $20.
The stock price of Butterfly Network Inc [BFLY] has been fluctuating between $0.67 and $2.20 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 $1.82 at the most recent close of the market. An investor can expect a potential return of 147.25% based on the average BFLY price forecast.
Analyzing the BFLY fundamentals
The Butterfly Network Inc [NYSE:BFLY] reported sales of 71.08M for trailing twelve months, representing a surge of 16.23%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -1.64%, Pretax Profit Margin comes in at -1.53%, and Net Profit Margin reading is -1.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.5 and Total Capital is -0.5. 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 1.7577 points at the first support level, and at 1.6953 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8647, and for the 2nd resistance point, it is at 1.9093.
Ratios To Look Out For
It’s worth pointing out that Butterfly Network Inc [NYSE:BFLY]’s Current Ratio is 5.01. As well, the Quick Ratio is 3.09, while the Cash Ratio is 2.5. Considering the valuation of this stock, the price to sales ratio is 5.44, the price to book ratio is 1.99.
Transactions by insiders
Recent insider trading involved Stoica Andrei G, Chief Technology Officer, that happened on Oct 01 ’24 when 1696.0 shares were sold. Officer, Stoica Andrei G completed a deal on Oct 01 ’24 to buy 1696.0 shares. Meanwhile, Chief Technology Officer Stoica Andrei G sold 3296.0 shares on Sep 24 ’24.
