Butterfly Network Inc (NYSE: BFLY) on Tuesday, plunged -1.70% from the previous trading day, before settling in for the closing price of $1.76. Within the past 52 weeks, BFLY’s price has moved between $0.67 and $2.20.
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A company in the Healthcare sector has jumped its sales by 14.12% annually for the last half of the decade. The company achieved an average annual earnings per share of 49.74%. With a float of $149.83 million, this company’s outstanding shares have now reached $181.22 million.
In an organization with 225 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 27.73%, operating margin of -164.42%, and the pretax margin is -153.26%.
Butterfly Network Inc (BFLY) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Butterfly Network Inc is 29.52%, while institutional ownership is 28.24%. The most recent insider transaction that took place on Oct 01 ’24, was worth 3,034. In this transaction Chief Technology Officer of this company sold 1,696 shares at a rate of $1.79, taking the stock ownership to the 1,465,534 shares. Before that another transaction happened on Oct 01 ’24, when Company’s Officer proposed sale 1,696 for $1.79, making the entire transaction worth $3,034.
Butterfly Network Inc (BFLY) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.13 earnings per share (EPS) for the period topping the consensus outlook (set at -0.15) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 49.74% per share during the next fiscal year.
Butterfly Network Inc (NYSE: BFLY) Trading Performance Indicators
Butterfly Network Inc (BFLY) is currently performing well based on its current performance indicators. A quick ratio of 3.09 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.35 in one year’s time.
Technical Analysis of Butterfly Network Inc (BFLY)
Let’s dig in a bit further. During the last 5-days, its volume was 1.18 million. That was inferior than the volume of 1.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 37.93%. Additionally, its Average True Range was 0.14.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 65.94%, which indicates a significant increase from 25.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.20% in the past 14 days, which was lower than the 93.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5381, while its 200-day Moving Average is $1.1438. However, in the short run, Butterfly Network Inc’s stock first resistance to watch stands at $1.8017. Second resistance stands at $1.8733. The third major resistance level sits at $1.9467. If the price goes on to break the first support level at $1.6567, it is likely to go to the next support level at $1.5833. The third support level lies at $1.5117 if the price breaches the second support level.
Butterfly Network Inc (NYSE: BFLY) Key Stats
Market capitalization of the company is 367.75 million based on 210,708K outstanding shares. Right now, sales total 65,900 K and income totals -133,700 K. The company made 21,490 K in profit during its latest quarter, and -15,710 K in sales during its previous quarter.
