Butterfly Network Inc (NYSE:BFLY) shares, rose in value on Wednesday, June 18, with the stock price down by -1.82% to the previous day’s close as strong demand from buyers drove the stock to $2.16.
Actively observing the price movement in the last trading, the stock closed the session at $2.20, falling within a range of $2.13 and $2.22. The value of beta (5-year monthly) was 2.549. Referring to stock’s 52-week performance, its high was $4.98, and the low was $0.82. On the whole, BFLY has fluctuated by -6.90% over the past month.
With the market capitalization of Butterfly Network Inc currently standing at about $534.14 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-02.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BFLY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BFLY currently trading nearly -8.80% and -8.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.99, while the 7-day volatility ratio is showing 2.89% which for the 30-day chart, stands at 5.20%. Furthermore, Butterfly Network Inc (BFLY)’s beta value is 2.55, and its average true range (ATR) is 0.15.
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 -1.82% in last session, and over the past year, it grew by 137.83%%.
Data on historical trading for Butterfly Network Inc (NYSE:BFLY) indicates that the trading volumes over the past 10 days have averaged 2.94 and over the past 3 months, they’ve averaged 2.96 million. According to company’s latest data on outstanding shares, there are 220.82 million shares outstanding.
Nearly 25.87% of Butterfly Network Inc’s shares belong to company insiders and institutional investors own 38.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.66 million shares as on 2025-05-30, resulting in a short ratio of 4.86. According to the data, the short interest in Butterfly Network Inc (BFLY) stood at 787.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 13.6 million. The stock has fallen by -30.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BFLY stock heading into the next quarter.
