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Why Butterfly Network Inc (BFLY) Stock Could See Much Higher Prices Ahead

Butterfly Network Inc (NYSE: BFLY) is -2.78% lower on its value in year-to-date trading and has touched a low of $0.67 and a high of $2.71 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 $1.01 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $1.05, the stock is 13.05% and 11.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 3.96% at the moment leaves the stock 4.57% off its SMA200. BFLY registered -50.24% loss for a year compared to 6-month loss of 3.96%.

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The stock witnessed a 10.79% gain in the last 1 month and extending the period to 3 months gives it a 3.96%, and is 21.08% 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 7.59% over the week and 7.11% over the month.

Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $221.25M and $68.08M in sales. Profit margin for the company is -179.08%. Distance from 52-week low is 55.76% and -61.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.89%).

The EPS is expected to grow by 35.38% this year.

Butterfly Network Inc (BFLY) Top Institutional Holders

The shares outstanding are 181.22M, and float is at 153.11M with Short Float at 14.29%.

Butterfly Network Inc (BFLY) Insider Activity

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 1,703 shares of the company’s common stock on Jul 02 ’24 at a price of $0.87 per share for a total of $1487.0. Following the sale, the insider now owns 1.48 million shares.

Butterfly Network Inc disclosed in a document filed with the SEC on Jun 25 ’24 that Stoica Andrei G (Chief Technology Officer) sold a total of 3,363 shares of the company’s common stock. The trade occurred on Jun 25 ’24 and was made at $0.92 per share for $3107.0. Following the transaction, the insider now directly holds 1.48 million shares of the BFLY stock.

Still, SEC filings show that on Jun 05 ’24, Stoica Andrei G (Chief Technology Officer) disposed off 11,754 shares at an average price of $0.90 for $10602.0. The insider now directly holds 1,485,804 shares of Butterfly Network Inc (BFLY).

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