A new trading day began on Monday, with Butterfly Network Inc (NYSE: BFLY) stock price up 2.43% from the previous day of trading, before settling in for the closing price of $3.29. BFLY’s price has ranged from $0.67 to $3.55 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged 52.82%. With a float of $150.22 million, this company’s outstanding shares have now reached $186.56 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 Updates
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 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) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.21 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Butterfly Network Inc’s current performance indicators. According to the last quarter’s results, the 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 9.42.
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 2.84 million. That was better than the volume of 2.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.05%. Additionally, its Average True Range was 0.26.
During the past 100 days, Butterfly Network Inc’s (BFLY) raw stochastic average was set at 93.21%, which indicates a significant increase from 85.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.96% in the past 14 days, which was lower than the 97.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.20, while its 200-day Moving Average is $1.36. However, in the short run, Butterfly Network Inc’s stock first resistance to watch stands at $3.49. Second resistance stands at $3.61. The third major resistance level sits at $3.75. If the price goes on to break the first support level at $3.24, it is likely to go to the next support level at $3.10. Assuming the price breaks the second support level, the third support level stands at $2.98.
Butterfly Network Inc (NYSE: BFLY) Key Stats
With a market capitalization of 718.02 million, the company has a total of 213,062K Shares Outstanding. Currently, annual sales are 65,900 K while annual income is -133,700 K. The company’s previous quarter sales were 20,560 K while its latest quarter income was -16,920 K.
