Butterfly Network Inc (NYSE: BFLY) kicked off on Friday, down -1.52% from the previous trading day, before settling in for the closing price of $3.29. Over the past 52 weeks, BFLY has traded in a range of $0.67-$3.55.
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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. While this was happening, its average annual earnings per share was recorded 52.82%. With a float of $150.22 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 29.6%, operating margin of -133.23%, and the pretax margin is -129.14%.
Butterfly Network Inc (BFLY) Insider and Institutional Ownership
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 29.49%, while institutional ownership is 23.35%. 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
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.21 earnings per share (EPS), lower than consensus estimate (set at -0.15) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.82% 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 2.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.30 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 4.43 million. That was better than the volume of 2.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.44%. Additionally, its Average True Range was 0.27.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 88.30%, which indicates a significant increase from 80.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 118.23% in the past 14 days, which was higher than the 101.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.06, while its 200-day Moving Average is $1.30. However, in the short run, Butterfly Network Inc’s stock first resistance to watch stands at $3.33. Second resistance stands at $3.41. The third major resistance level sits at $3.52. If the price goes on to break the first support level at $3.14, it is likely to go to the next support level at $3.03. The third support level lies at $2.95 if the price breaches the second support level.
Butterfly Network Inc (NYSE: BFLY) Key Stats
The company with the Market Capitalisation of 679.83 million has total of 213,062K 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 20,560 K and last quarter income was -16,920 K.
