Butterfly Network Inc (NYSE:BFLY) price on Thursday, March 20, rose 1.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.75.
A look at the stock’s price movement, the close in the last trading session was $2.71, moving within a range at $2.67 and $2.82. The beta value (5-Year monthly) was 2.489. Turning to its 52-week performance, $4.98 and $0.67 were the 52-week high and 52-week low respectively. Overall, BFLY moved -41.61% over the past month.
Butterfly Network Inc’s market cap currently stands at around $668.04 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-27.
Analysts have a consensus estimate of 21.16M for the company’s revenue for the quarter, with a low and high estimate of 20.3M and 21.64M respectively. The average forecast suggests up to a 19.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 97.74M, representing a 19.12% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BFLY is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend BFLY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BFLY’s current price about -11.55% and -25.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.79, while 7-day volatility ratio is 5.60% and 10.24% in the 30-day chart. Further, Butterfly Network Inc (BFLY) has a beta value of 2.54, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -81.82% off current price level while to achieve the yearly target high, price needs to move -81.82%. Nonetheless, investors will most likely welcome a -81.82% jump to $5 which is the analysts’ median price.
If we refocus on Butterfly Network Inc (NYSE:BFLY), historical trading data shows that trading volumes averaged 3.35 over the past 10 days and 4.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.63 million shares.
The 26.19% of Butterfly Network Inc’s shares are in the hands of company insiders while institutional holders own 25.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.32 million on 2025-02-28, giving us a short ratio of 2.4. The data shows that as of 2025-02-28 short interest in Butterfly Network Inc (BFLY) stood at 643.0 of shares outstanding, with shares short falling to 15.03 million registered in 2025-01-31. Current price change has pushed the stock -11.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BFLY stock continues to rise going into the next quarter.
