Butterfly Network Inc [NYSE: BFLY] price plunged by -0.99 percent to reach at -$0.04.
The one-year BFLY stock forecast points to a potential upside of 9.5. The average equity rating for BFLY stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $4.42 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 0.38, with the Price to Sales ratio for BFLY stock in the period of the last 12 months amounting to 11.18. The Price to Book ratio for the last quarter was 4.69, with the Price to Cash per share for the same quarter was set at 0.44.
BFLY Stock Performance Analysis:
Butterfly Network Inc [BFLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.21. With this latest performance, BFLY shares gained by 22.70% in over the last four-week period, additionally plugging by 313.99% over the last 6 months – not to mention a rise of 227.87% 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 62.73, with the RSI for the last a single of trading hit 63.44, and the three-weeks RSI is set at 62.57 for Butterfly Network Inc [BFLY]. The present Moving Average for the last 50 days of trading for this stock 3.06, while it was recorded at 4.06 for the last single week of trading, and 1.65 for the last 200 days.
Insight into Butterfly Network Inc 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.
Butterfly Network Inc [BFLY] Institutonal Ownership Details
There are presently around $27.53%, or 32.97%% 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%.
