Butterfly Network Inc (NYSE: BFLY) is 41.99% higher on its value in year-to-date trading and has touched a low of $0.67 and a high of $4.98 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 $4.71 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $4.43, the stock is 4.79% and 16.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing -5.94% at the moment leaves the stock 111.51% off its SMA200. BFLY registered 317.92% gain for a year compared to 6-month gain of 352.04%.
The stock witnessed a 13.30% loss in the last 1 month and extending the period to 3 months gives it a 88.51%, and is 2.07% 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 6.66% over the week and 9.46% over the month.
Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $1.05B and $76.22M in sales. Profit margin for the company is -129.25%. Distance from 52-week low is 557.17% and -11.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.56%).
with sales reaching $21.97M over the same period.The EPS is expected to grow by 52.31% this year, but quarterly earnings will post 23.93% year-over-year. Quarterly sales are estimated to grow 33.02% in year-over-year returns.
The shares outstanding are 186.56M, and float is at 171.68M with Short Float at 8.76%.
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 5.1897 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 5.063 of the shares outstanding. The other top investors are GLENVIEW CAPITAL MANAGEMENT, LLC which holds 8.03 million shares representing 3.7954 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
Butterfly Network Inc disclosed in a document filed with the SEC on Dec 24 ’24 that Stoica Andrei G (Chief Technology Officer) sold a total of 3,340 shares of the company’s common stock. The trade occurred on Dec 24 ’24 and was made at $3.00 per share for $10010.0. Following the transaction, the insider now directly holds 1.45 million shares of the BFLY stock.
Still, SEC filings show that on Dec 20 ’24, Getz Heather C (EVP, CFO & COO) disposed off 30,136 shares at an average price of $3.06 for $92337.0. The insider now directly holds 2,669,333 shares of Butterfly Network Inc (BFLY).
