Butterfly Network Inc (NYSE: BFLY) is 51.85% higher on its value in year-to-date trading and has touched a low of $0.67 and a high of $2.20 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 $1.73 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.64, the stock is 3.21% and 30.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -5.20% at the moment leaves the stock 53.91% off its SMA200. BFLY registered 36.67% gain for a year compared to 6-month loss of 57.69%. The firm has a 50-day simple moving average (SMA 50) of $1.2671 and a 200-day simple moving average (SMA200) of $1.068935.
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The stock witnessed a 70.94% gain in the last 1 month and extending the period to 3 months gives it a 75.18%, and is -14.58% down 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 7.87% over the week and 11.00% over the month.
Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $348.61M and $71.08M in sales. Profit margin for the company is -153.29%. Distance from 52-week low is 143.29% and -25.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.46%).
with sales reaching $19.01M over the same period.The EPS is expected to grow by 49.74% this year, but quarterly earnings will post 19.20% year-over-year. Quarterly sales are estimated to grow 23.30% in year-over-year returns.
Butterfly Network Inc (BFLY) Top Institutional Holders
193.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 37.14% of the company’s shares. The shares outstanding are 181.22M, and float is at 149.83M with Short Float at 9.52%. Institutions hold 30.85% 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
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Butterfly Network Inc disclosed in a document filed with the SEC on Sep 13 ’24 that Phanstiel S. Louise (Director) sold a total of 60,049 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $1.96 per share for $0.12 million. Following the transaction, the insider now directly holds 0.0 shares of the BFLY stock.
Still, SEC filings show that on Sep 13 ’24, S. Louise Phanstiel (Director) Proposed Sale 60,049 shares at an average price of $1.93 for $0.12 million. The insider now directly holds shares of Butterfly Network Inc (BFLY).
