Shahida Darius Sells Butterfly Network Inc. (BFLY) Shares

The stock of Butterfly Network Inc. (NYSE:BFLY) decreased by -$0.01 on Friday to finish at $3.00, down -0.33 percent. The last five days have seen an average of 2,321,740 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.69. The average number of shares traded over the last 20 days was 2,686,945, while the average volume over the last 50 days totaled 2,594,572.

BFLY stock dropped -18.26% since last month. On 05/12/22, the company’s shares reached a one-month low of $2.31. The stock touched a high of $15.65 on 01/11/22, after rallying from a low of $2.31 in 52 weeks. The price of BFLY stock has declined by -55.16% or -$3.69 this year, reaching a new high 3 times. Still, the stock price is down -80.83% from the 52-week high.

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Insider Transactions

There have been 67 days since Butterfly Network Inc. (BFLY) last reported insider trading activity on Mar 17. On Mar 17, Chief Strategy/Bus Dev Officer Shahida Darius sold 16,430 shares at $5.39 each. This transaction resulted in the insider making $88,558. On Mar 17, Fielding Stephanie sold 3,269 shares at a price of US$5.39. After the transaction, the insider now owns 113,079 shares. Director ROBBINS LARRY had earlier bought 500,000 shares on Mar 15 for $4.50 a share. The transaction was completed for $2,251,400.

Financial Health

For the three months ended March 30, Butterfly Network Inc.’s quick ratio was 8.40, while its current ratio was 9.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 28.90% percent. Based on annual data, it had gross profit of $17.05 million and revenue of $62.56 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BFLY’s return on assets (ROA) during the last 12 months has been -13.10%. There was a -43.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -17.30%.

Earnings Surprise

According to Butterfly Network Inc.’s quarterly financial report for the quarter that ended March 30, it had $315.1 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.62 million, while revenues fell by -48.7% to $16.51 million. It was predicted that Butterfly Network Inc.’s quarterly earnings would be -$0.22, but it ended up being -$0.25, beating the consensus by 12.00%. EBITDA was -$48.69 million for the quarter. At the end of Butterfly Network Inc.’s most recent quarter ended March 30, its liabilities totaled 122.76 million, while its total debt was $29.08 million. Equity owned by shareholders amounts to $198.96 million.

Technical Picture

Here’s a quick look at Butterfly Network Inc.’s (BFLY) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 43.78%, suggesting the stock is Neutral, with a 119.94% historical volatility rate.

The stochastic %K and %D were 52.91% and 55.94% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 53.28%, the RSI (14) reading is 41.36%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.02.

Analyst Ratings

In its analyst report released on December 17, 2021, UBS began covering Butterfly Network Inc. (NYSE: BFLY). The stock was rated as a Neutral by the brokerage firm.


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