A new trading day began on Friday, with Butterfly Network Inc (NYSE: BFLY) stock price down -3.33% from the previous day of trading, before settling in for the closing price of $0.87. BFLY’s price has ranged from $0.67 to $2.71 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 14.12% over the last five years. Meanwhile, its annual earnings per share averaged 35.38%. With a float of $153.11 million, this company’s outstanding shares have now reached $181.22 million.
The firm has a total of 225 workers. Let’s measure their productivity.
Butterfly Network Inc (BFLY) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Butterfly Network Inc is 27.34%, while institutional ownership is 32.95%. The most recent insider transaction that took place on Jun 25 ’24, was worth 3,107. In this transaction Chief Technology Officer of this company sold 3,363 shares at a rate of $0.92, taking the stock ownership to the 1,482,441 shares. Before that another transaction happened on Jun 05 ’24, when Company’s Chief Technology Officer sold 11,754 for $0.90, making the entire transaction worth $10,602. This insider now owns 1,485,804 shares in total.
Butterfly Network Inc (BFLY) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 35.38% per share during the next fiscal year.
Butterfly Network Inc (NYSE: BFLY) Trading Performance Indicators
Here are Butterfly Network Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.41 in one year’s time.
Technical Analysis of Butterfly Network Inc (BFLY)
Analysing the last 5-days average volume posted by the [Butterfly Network Inc, BFLY], we can find that recorded value of 5.44 million was better than the volume posted last year of 1.79 million. As of the previous 9 days, the stock’s Stochastic %D was 39.49%. Additionally, its Average True Range was 0.07.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 17.28%, which indicates a significant increase from 11.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.79% in the past 14 days, which was lower than the 95.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9248, while its 200-day Moving Average is $1.0201. Now, the first resistance to watch is $0.9063. This is followed by the second major resistance level at $0.9719. The third major resistance level sits at $1.0150. If the price goes on to break the first support level at $0.7976, it is likely to go to the next support level at $0.7545. Should the price break the second support level, the third support level stands at $0.6889.
Butterfly Network Inc (NYSE: BFLY) Key Stats
With a market capitalization of 177.16 million, the company has a total of 210,708K Shares Outstanding. Currently, annual sales are 65,900 K while annual income is -133,700 K. The company’s previous quarter sales were 17,660 K while its latest quarter income was -21,760 K.
