Butterfly Network Inc (NYSE: BFLY) is -14.10% lower 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 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 $2.55 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $2.68, the stock is -23.55% and -29.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 5.10% at the moment leaves the stock 18.02% off its SMA200. BFLY registered 157.69% gain for a year compared to 6-month gain of 38.86%. The firm has a 50-day simple moving average (SMA 50) of $3.7798 and a 200-day simple moving average (SMA200) of $2.270795.
The stock witnessed a -38.25% loss in the last 1 month and extending the period to 3 months gives it a -26.98%, and is -5.96% 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 7.43% over the week and 10.41% over the month.
Butterfly Network Inc (BFLY) has around 190 employees, a market worth around $651.03M and $82.06M in sales. Profit margin for the company is -88.35%. Distance from 52-week low is 297.57% and -46.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.31%).
with sales reaching $21.05M over the same period.The EPS is expected to shrink by -31.75% this year, but quarterly earnings will post 19.43% year-over-year. Quarterly sales are estimated to grow 19.19% in year-over-year returns.
Butterfly Network Inc (BFLY) Top Institutional Holders
205.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 35.05% of the company’s shares. The shares outstanding are 188.63M, and float is at 179.29M with Short Float at 6.87%. Institutions hold 29.83% 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 5.1897% 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
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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).
