Butterfly Network Inc (NYSE: BFLY) is -34.62% 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 $2.12 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.04, the stock is -19.02% and -39.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing -3.77% at the moment leaves the stock -14.51% off its SMA200. BFLY registered 96.15% gain for a year compared to 6-month gain of 14.61%. The firm has a 50-day simple moving average (SMA 50) of $3.3834 and a 200-day simple moving average (SMA200) of $2.386135.
The stock witnessed a -29.41% loss in the last 1 month and extending the period to 3 months gives it a -48.61%, and is -13.92% 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 8.42% over the week and 7.10% over the month.
Butterfly Network Inc (BFLY) has around 190 employees, a market worth around $495.56M and $82.06M in sales. Profit margin for the company is -88.35%. Distance from 52-week low is 202.63% and -59.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.31%).
with sales reaching $21.16M over the same period.The EPS is expected to shrink by -20.24% this year, but quarterly earnings will post 19.12% year-over-year. Quarterly sales are estimated to grow 19.83% in year-over-year returns.
Butterfly Network Inc (BFLY) Top Institutional Holders
204.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 34.97% of the company’s shares. The shares outstanding are 188.63M, and float is at 179.30M with Short Float at 6.47%. Institutions hold 29.79% 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
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 1,805 shares of the company’s common stock on Apr 01 ’25 at a price of $2.17 per share for a total of $3908.0. Following the sale, the insider now owns 1.6 million shares.
Still, SEC filings show that on Mar 26 ’25, Stoica Andrei G (Chief Technology Officer) disposed off 3,354 shares at an average price of $2.69 for $9016.0. The insider now directly holds 1,601,987 shares of Butterfly Network Inc (BFLY).
