Butterfly Network Inc (NYSE: BFLY) is 126.85% 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 $2.04 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $2.45, the stock is 33.48% and 41.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.71 million and changing 20.10% at the moment leaves the stock 106.84% off its SMA200. BFLY registered 118.75% gain for a year compared to 6-month gain of 142.57%. The firm has a 50-day simple moving average (SMA 50) of $1.7016 and a 200-day simple moving average (SMA200) of $1.177705.
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The stock witnessed a 31.02% loss in the last 1 month and extending the period to 3 months gives it a 166.22%, and is 28.95% 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 15.61% over the week and 9.05% over the month.
Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $522.01M and $76.22M in sales. Profit margin for the company is -129.25%. Distance from 52-week low is 263.45% and 11.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.56%).
with sales reaching $21.01M over the same period.The EPS is expected to grow by 52.82% this year, but quarterly earnings will post 22.50% year-over-year. Quarterly sales are estimated to grow 27.20% in year-over-year returns.
Butterfly Network Inc (BFLY) Top Institutional Holders
189.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 35.27% of the company’s shares. The shares outstanding are 181.22M, and float is at 149.83M with Short Float at 8.69%. Institutions hold 29.35% 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 sale by Stoica Andrei G, the company’s Chief Technology Officer. SEC filings show that Stoica Andrei G sold 1,696 shares of the company’s common stock on Oct 01 ’24 at a price of $1.79 per share for a total of $3034.0. Following the sale, the insider now owns 1.47 million shares.
Still, SEC filings show that on Sep 24 ’24, Stoica Andrei G (Chief Technology Officer) disposed off 3,296 shares at an average price of $1.74 for $5735.0. The insider now directly holds 1,467,230 shares of Butterfly Network Inc (BFLY).
