Butterfly Network Inc [NYSE: BFLY] gained 26.89% or 0.32 points to close at $1.51 with a heavy trading volume of 10454484 shares.
The daily chart for BFLY points out that the company has recorded 32.46% gains over the past six months.
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If we look at the average trading volume of 1.66M shares, BFLY reached to a volume of 10454484 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 0.10, with the Price to Sales ratio for BFLY stock in the period of the last 12 months amounting to 4.52. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 0.48.
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 53.22. With this latest performance, BFLY shares gained by 49.50% in over the last four-week period, additionally plugging by 32.46% over the last 6 months – not to mention a drop of -18.82% 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 78.10, with the RSI for the last a single of trading hit 86.87, and the three-weeks RSI is set at 71.76 for Butterfly Network Inc [BFLY]. The present Moving Average for the last 50 days of trading for this stock 1.0336, while it was recorded at 1.1696 for the last single week of trading, and 1.0124 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 3.09 and a Current Ratio set at 5.01.
Butterfly Network Inc [BFLY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Butterfly Network Inc posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BFLY.
An analysis of Institutional ownership at Butterfly Network Inc [BFLY]
There are presently around $29.82%, or 35.42%% of BFLY stock, in the hands of institutional investors. The top three institutional holders of BFLY stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 10.98 million shares, which is approximately 5.259%. FOSUN INTERNATIONAL LTD, holding 10.72 million shares of the stock with an approximate value of $$9.01 million in BFLY stocks shares; and FOSUN INTERNATIONAL LTD, currently with $$6.75 million in BFLY stock with ownership which is approximately 3.8461%.
