Butterfly Network, Inc. (NYSE:BFLY) traded at $14.48 at close of the session on Monday, May 03, made an upward move of 0.91% on its previous day’s price.
Looking at the stock we see that its previous close was $14.35 and the beta (5Y monthly) reads 0 with the day’s price range being $14.04 – 14.86. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, BFLY has a high of $29.13 and a low of $9.34. The company’s stock has gained about -13.96% over that past 30 days.
On the other hand, looking at the outlook for the BFLY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Let’s briefly compare Butterfly Network, Inc. (BFLY) stock to its peers. We find that current price change of +0.91% and 0% over the past 12 months for BFLY competes that of Cerner Corp (CERN), which has seen its stock price fall -0.38% in the last trading session and was +8.16% over the last one year. Another of its peers 10X Genomics Inc (TXG) has climbed 0.2% previous session, and was +147.65% up over the past year, while Syneos Health Inc (SYNH) was also up 0.91% in the last session, while its price remained in the red at 0% over the same period. Butterfly Network, Inc. has a P/E ratio of 0 compared to Cerner Corp’s 29.72 and 10X Genomics Inc’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to Butterfly Network, Inc. (NYSE:BFLY), we note that the average 3-month trading volume was 3.31 Million, while that of the preceding 10-day period stands at 4.16 Million. Current shares outstanding are 164.86 Million.
According to data from Thomson Reuters, insiders hold 27.84% of the company’s shares while institutions hold 19.75%. The data shows that short shares as of April 14, 2021, stood at 9.81 Million at a short ratio of 3.02. This represents a 5.13% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 5.2 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -26.83% down in year-to-date price movement.