On Friday, Butterfly Network Inc (NYSE: BFLY) opened higher 3.41% from the last session, before settling in for the closing price of $1.76. Price fluctuations for BFLY have ranged from $0.67 to $2.20 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 14.12%. Company’s average yearly earnings per share was noted 49.74% at the time writing. With a float of $149.83 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. 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) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.13 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for Butterfly Network Inc (BFLY). In the past quarter, the stock posted a quick ratio of 3.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.44.
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)
Looking closely at Butterfly Network Inc (NYSE: BFLY), its last 5-days average volume was 1.53 million, which is a drop from its year-to-date volume of 1.85 million. As of the previous 9 days, the stock’s Stochastic %D was 51.21%. Additionally, its Average True Range was 0.13.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 72.46%, which indicates a significant increase from 62.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.68% in the past 14 days, which was lower than the 93.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5851, while its 200-day Moving Average is $1.1523. However, in the short run, Butterfly Network Inc’s stock first resistance to watch stands at $1.8647. Second resistance stands at $1.9093. The third major resistance level sits at $1.9717. If the price goes on to break the first support level at $1.7577, it is likely to go to the next support level at $1.6953. Now, if the price goes above the second support level, the third support stands at $1.6507.
Butterfly Network Inc (NYSE: BFLY) Key Stats
There are currently 210,708K shares outstanding in the company with a market cap of 386.88 million. Presently, the company’s annual sales total 65,900 K according to its annual income of -133,700 K. Last quarter, the company’s sales amounted to 21,490 K and its income totaled -15,710 K.
