Butterfly Network Inc [NYSE: BFLY] surged by $0.41 during the normal trading session on while it closed the day at $3.05.
Butterfly Network Inc stock has also gained 13.81% of its value over the past 7 days. However, BFLY stock has inclined by 224.71% in the 3 months of the year. Over the past six months meanwhile, it has gained 182.41% and gained 182.41% year-on date.
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The market cap for BFLY stock reached $649.83 million, with 181.22 million shares outstanding and 150.22 million shares in the current float. Compared to the average trading volume of 2.62M shares, BFLY reached a trading volume of 5577885 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $3.25 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.
Lake Street have made an estimate for Butterfly Network Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on March 29, 2023, representing the official price target for Butterfly Network Inc stock. Previously, the target price had yet another raise to $4.50, while Oppenheimer analysts kept a Outperform rating on BFLY stock.
The Average True Range (ATR) for Butterfly Network Inc is set at 0.25, with the Price to Sales ratio for BFLY stock in the period of the last 12 months amounting to 8.53. The Price to Book ratio for the last quarter was 3.57, with the Price to Cash per share for the same quarter was set at 0.44.
BFLY stock trade performance evaluation
Butterfly Network Inc [BFLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.81. With this latest performance, BFLY shares gained by 73.30% in over the last four-week period, additionally plugging by 182.41% over the last 6 months – not to mention a rise of 160.68% 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 71.90, with the RSI for the last a single of trading hit 73.93, and the three-weeks RSI is set at 70.10 for Butterfly Network Inc [BFLY]. The present Moving Average for the last 50 days of trading for this stock 1.98, while it was recorded at 2.65 for the last single week of trading, and 1.27 for the last 200 days.
Butterfly Network Inc [BFLY]: An insightful look at the core fundamentals
Butterfly Network Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.85 and a Current Ratio set at 4.66.
Earnings per share (EPS) analysis for Butterfly Network Inc [BFLY] stock
With the latest financial reports released by the company, Butterfly Network Inc posted -0.21/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 fail the estimates by a Surprise Factor of -0.06. 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.
Butterfly Network Inc [BFLY]: Institutional Ownership
There are presently around $27.54%, or 33.09%% 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%.
