Butterfly Network Inc (NYSE: BFLY) kicked off on Friday, down -6.76% from the previous trading day, before settling in for the closing price of $0.82. Over the past 52 weeks, BFLY has traded in a range of $0.76-$2.71.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 14.12%. While this was happening, its average annual earnings per share was recorded 30.77%. With a float of $148.09 million, this company’s outstanding shares have now reached $181.22 million.
Let’s determine the extent of company efficiency that accounts for 225 employees.
Butterfly Network Inc (BFLY) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Butterfly Network Inc is 29.84%, while institutional ownership is 31.28%. The most recent insider transaction that took place on Apr 02 ’24, was worth 1,782. In this transaction Chief Technology Officer of this company sold 1,778 shares at a rate of $1.00, taking the stock ownership to the 1,497,558 shares. Before that another transaction happened on Mar 25 ’24, when Company’s Chief Technology Officer sold 3,298 for $1.02, making the entire transaction worth $3,380. This insider now owns 1,499,336 shares in total.
Butterfly Network Inc (BFLY) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.77% per share during the next fiscal year.
Butterfly Network Inc (NYSE: BFLY) Trading Performance Indicators
Take a look at Butterfly Network Inc’s (BFLY) current performance indicators. Last quarter, stock had a quick ratio of 3.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.43 in one year’s time.
Technical Analysis of Butterfly Network Inc (BFLY)
Looking closely at Butterfly Network Inc (NYSE: BFLY), its last 5-days average volume was 1.45 million, which is a drop from its year-to-date volume of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 3.72%. Additionally, its Average True Range was 0.08.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 1.64%, which indicates a significant decrease from 4.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.38% in the past 14 days, which was lower than the 102.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0595, while its 200-day Moving Average is $1.2966. However, in the short run, Butterfly Network Inc’s stock first resistance to watch stands at $0.8262. Second resistance stands at $0.8878. The third major resistance level sits at $0.9259. If the price goes on to break the first support level at $0.7265, it is likely to go to the next support level at $0.6884. Should the price break the second support level, the third support level stands at $0.6268.
Butterfly Network Inc (NYSE: BFLY) Key Stats
The company with the Market Capitalisation of 161.09 million has total of 208,134K Shares Outstanding. Its annual sales at the moment are 65,900 K in contrast with the sum of -133,700 K annual income. Company’s last quarter sales were recorded 16,520 K and last quarter income was -44,120 K.
