Can Butterfly Network, Inc. (NYSE:BFLY) Be A Safe Investment Now?

Butterfly Network, Inc. (NYSE:BFLY) shares, rose in value on Wednesday, Apr 07, with the stock price up by 0.7% to the previous day’s close as strong demand from buyers drove the stock to $17.2.

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Actively observing the price movement in the last trading, the stock closed the session at $17.08, falling within a range of $16.77 and $17.63. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $29.13, and the low was $9.34. On the whole, BFLY has fluctuated by 6.83% over the past month.

A comparison of Butterfly Network, Inc. (BFLY) with its peers suggests the former has fared considerably weaker in the market. BFLY showed an intraday change of +0.7% in last session, and over the past year, it dropped by 0%. In comparison, Cerner Corp (CERN) has moved higher at +0.1% on the day and was up +12.98% over the past 12 months. On the other hand, the price of 10X Genomics Inc (TXG) has fallen -6.03% on the day. The stock, however, is off 197.64% from where it was a year ago. Additionally, there is a gain of 70% for Syneos Health Inc (SYNH) in last trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for Butterfly Network, Inc., compared to 28.62 for Cerner Corp, and 0 for 10X Genomics Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.

Data on historical trading for Butterfly Network, Inc. (NYSE:BFLY) indicates that the trading volumes over the past 10 days have averaged 4.16 Million and over the past 3 months, they’ve averaged 3.31 Million. According to company’s latest data on outstanding shares, there are 164.86 Million shares outstanding.

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