Butterfly Network Inc [BFLY] stock is trading at $3.91, up 6.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The BFLY shares have gain 16.72% over the last week, with a monthly amount glided 11.08%, and seem to be holding up well over a long-time horizon.
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.
Butterfly Network Inc [BFLY] stock has fluctuated between $0.67 and $4.45 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Butterfly Network Inc [NYSE: BFLY] shares were valued at $3.91 at the most recent close of the market. An investor can expect a potential return of 27.88% based on the average BFLY price forecast.
Analyzing the BFLY fundamentals
Butterfly Network Inc [NYSE:BFLY] reported sales of 76.22M for the trailing twelve months, which represents a growth of 33.33%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at -1.33%, Pretax Profit Margin comes in at -1.29%, and Net Profit Margin reading is -1.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.37, Equity is -0.49 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 3.78 points at the first support level, and at 3.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.05, and for the 2nd resistance point, it is at 4.19.
Ratios To Look Out For
For context, Butterfly Network Inc’s Current Ratio is 4.66. On the other hand, the Quick Ratio is 2.85, and the Cash Ratio is 2.19. Considering the valuation of this stock, the price to sales ratio is 10.93, the price to book ratio is 4.58.
Transactions by insiders
Recent insider trading involved Stoica Andrei G, Officer, that happened on Dec 31 ’24 when 1680.0 shares were purchased. Chief Technology Officer, Stoica Andrei G completed a deal on Dec 24 ’24 to sell 3340.0 shares. Meanwhile, EVP, CFO & COO Getz Heather C sold 30136.0 shares on Dec 20 ’24.
