Butterfly Network Inc (BFLY) Analysis & Opinions from Experts

Butterfly Network Inc (NYSE: BFLY) is -56.91% lower on its value in year-to-date trading and has touched a low of $0.76 and a high of $3.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BFLY stock was last observed hovering at around $1.03 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $1.06, the stock is 9.60% and 9.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 2.91% at the moment leaves the stock -39.36% off its SMA200. BFLY registered -57.43% loss for a year compared to 6-month loss of -47.52%. The firm has a 50-day simple moving average (SMA 50) of $1.39 and a 200-day simple moving average (SMA200) of -$0.84.

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The stock witnessed a 3.92% gain in the last 1 month and extending the period to 3 months gives it a -8.62%, and is 13.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.43% over the week and 8.77% over the month.

Butterfly Network Inc (BFLY) has around 330 employees, a market worth around $219.55M and $68.37M in sales. Profit margin for the company is -180.32%. Distance from 52-week low is 39.38% and -67.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.90%).

Butterfly Network Inc (BFLY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Butterfly Network Inc (BFLY) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 1.67, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Butterfly Network Inc is expected to release its quarterly report on 02/27/2024.The EPS is expected to grow by 33.65% this year.

Butterfly Network Inc (BFLY) Top Institutional Holders

The shares outstanding are 174.46M, and float is at 149.54M with Short Float at 11.70%.

Butterfly Network Inc (BFLY) Insider Activity

A total of 9 insider transactions have happened at Butterfly Network Inc (BFLY) in the last six months, with sales accounting for 7 and purchases happening 2 times. The most recent transaction is an insider sale by Stoica Andrei G,the company’sChief Technology Officer. SEC filings show that Stoica Andrei G sold 7,935 shares of the company’s common stock on Dec 05 at a price of $0.99 per share for a total of $7895.0. Following the sale, the insider now owns 1.02 million shares.

Butterfly Network Inc disclosed in a document filed with the SEC on Oct 03 that Stoica Andrei G (Chief Technology Officer) sold a total of 1,748 shares of the company’s common stock. The trade occurred on Oct 03 and was made at $1.10 per share for $1921.0. Following the transaction, the insider now directly holds 1.02 million shares of the BFLY stock.

Still, SEC filings show that on Sep 25, Stoica Andrei G (Chief Technology Officer) disposed off 3,300 shares at an average price of $1.21 for $3977.0. The insider now directly holds 1,025,828 shares of Butterfly Network Inc (BFLY).