Butterfly Network Inc [NYSE: BFLY] gained 20.06% on the last trading session, reaching $1.16 price per share at the time.
If compared to the average trading volume of 1.86M shares, BFLY reached a trading volume of 4069900 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Butterfly Network Inc [BFLY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BFLY shares is $3.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BFLY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Butterfly Network Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 29, 2023. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on November 29, 2022, representing the official price target for Butterfly Network Inc stock. Previously, the target price had yet another raise to $9.50, while B. Riley Securities analysts kept a Buy rating on BFLY stock.
The Average True Range (ATR) for Butterfly Network Inc is set at 0.08, with the Price to Sales ratio for BFLY stock in the period of the last 12 months amounting to 3.59. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 0.54.
Trading performance analysis for BFLY stock
Butterfly Network Inc [BFLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.78. With this latest performance, BFLY shares gained by 22.11% in over the last four-week period, additionally sinking by -0.85% over the last 6 months – not to mention a drop of -47.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BFLY stock in for the last two-week period is set at 65.48, with the RSI for the last a single of trading hit 70.02, and the three-weeks RSI is set at 61.84 for Butterfly Network Inc [BFLY]. The present Moving Average for the last 50 days of trading for this stock 0.9633, while it was recorded at 1.0344 for the last single week of trading, and 1.0021 for the last 200 days.
Butterfly Network Inc [BFLY]: A deeper dive into fundamental analysis
Butterfly Network Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.24 and a Current Ratio set at 5.13.
An analysis of Institutional ownership at Butterfly Network Inc [BFLY]
The top three institutional holders of BFLY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BFLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BFLY stock with ownership which is approximately 5.1238%.
