Butterfly Network Inc (NYSE: BFLY) is 39.81% higher on its value in year-to-date trading and has touched a low of $0.67 and a high of $1.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BFLY stock was last observed hovering at around $1.19 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $1.51, the stock is 53.56% and 47.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.45 million and changing 26.89% at the moment leaves the stock 49.38% off its SMA200. BFLY registered -18.82% loss for a year compared to 6-month loss of 32.46%.
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The stock witnessed a 49.50% gain in the last 1 month and extending the period to 3 months gives it a 63.33%, and is 53.22% 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 12.46% over the week and 8.26% over the month.
Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $320.98M and $71.08M in sales. Profit margin for the company is -153.29%. Distance from 52-week low is 124.00% and -21.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.46%).
The EPS is expected to grow by 43.08% this year
193.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 35.42% of the company’s shares. The shares outstanding are 181.22M, and float is at 150.02M with Short Float at 9.57%. Institutions hold 29.82% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 10.98 million shares valued at $9.24 million. The investor’s holdings represent 5.259 of the BFLY Shares outstanding. As of 2024-06-30, the second largest holder is FOSUN INTERNATIONAL LTD with 10.72 million shares valued at $9.01 million to account for 5.1307 of the shares outstanding. The other top investors are GLENVIEW CAPITAL MANAGEMENT, LLC which holds 8.03 million shares representing 3.8461 and valued at over $6.75 million, while VANGUARD GROUP INC holds 3.4886 of the shares totaling 7.29 million with a market value of $6.13 million.
Butterfly Network Inc (BFLY) Insider Activity
The most recent transaction is an insider purchase by ROBBINS LARRY, the company’s Director. SEC filings show that ROBBINS LARRY bought 244,774 shares of the company’s common stock on Aug 30 ’24 at a price of $1.07 per share for a total of $0.26 million. Following the purchase, the insider now owns 9.96 million shares.
Butterfly Network Inc disclosed in a document filed with the SEC on Aug 28 ’24 that ROBBINS LARRY (Director) bought a total of 1,246,950 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $0.98 per share for $1.22 million. Following the transaction, the insider now directly holds 9.28 million shares of the BFLY stock.
Still, SEC filings show that on Aug 29 ’24, ROBBINS LARRY (Director) acquired 429,919 shares at an average price of $1.07 for $0.46 million. The insider now directly holds 9,710,370 shares of Butterfly Network Inc (BFLY).
