A Look At Insider Reactions To Butterfly Network Inc. (BFLY)

As of Thursday close, Butterfly Network Inc.’s (NYSE:BFLY) stock was up $0.26, moving up 4.59 percent to $5.92. The average number of shares traded per day over the past five days has been 2,575,420 shares. 5 times new highs have been achieved over the past 5 days, with a $1.50 gain in that time frame. In the last twenty days, the average volume was 1,953,115, while in the previous 50 days, it was 2,027,794.

Since last month, BFLY stock rose 75.15%. Shares of the company fell to $2.89 on 07/05/22, the lowest level in the past month. A 52-week high of $13.56 was reached on 01/11/22 after having rallying from a 52-week low of $2.31. Since the beginning of this year, BFLY’s stock price has dropped by -11.51% or -$0.77, and marked a new high 3 times. However, the stock has declined by -56.34% since its 52-week high.

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Butterfly Network Inc. (BFLY) last reported insider trading activity 45 days ago on Jun 21. Shahida Darius, the Chief Strategy/Bus Dev Officer of the company, disposed of 16,069 shares for $3.18 on Jun 21. It resulted in a $51,099 divestment by the insider. Shahida Darius sold 16,430 shares at an average price of $5.39 on Mar 17. The insider now owns 635,721 shares following the transaction. On Mar 17, Chief Financial Officer Fielding Stephanie sold 3,269 shares at $5.39 apiece. The transaction was valued at $17,620.

Financial Health

In the three months ended March 30, Butterfly Network Inc.’s quick ratio stood at 8.40, while its current ratio was 9.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 28.90% percent. Based on annual data, BFLY earned $17.05 million in gross profit and brought in $62.56 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -43.10%. Return on equity (ROE) for the past 12 months was -17.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BFLY’s revenue fell -31.22% to $14.62 million during the quarter, while net income inched up to $19.22 million. While analysts expected Butterfly Network Inc. to report -$0.25 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by 12.00%. During the quarter, the company generated -$47.1 million in EBITDA. The liabilities of Butterfly Network Inc. were 109.95 million at the end of its most recent quarter ended March 30, and its total debt was $31.69 million. The value of shareholders’ equity is $199.54 million.

Technical Picture

This quick technical analysis looks at Butterfly Network Inc.’s (BFLY) price momentum. With a historical volatility rate of 79.91%, the RSI 9-day stood at 86.32% on 04 August.

With respect to its five-day moving average, the current Butterfly Network Inc. price is up by +33.94% percent or $1.50. At present, BFLY shares trade +59.57% above its 20-day simple moving average and +46.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +94.74% above its SMA50 and -41.56% below its SMA200.

Stochastic coefficient K was 96.88% and Stochastic coefficient D was 92.58%, while ATR was 0.37. Given the Stochastic reading of 96.89% for the 14-day period, the RSI (14) reading has been calculated as 80.80%. As of today, the MACD Oscillator reading stands at 0.80, while the 14-day reading stands at 0.98.

Analyst Ratings

UBS launched its rating on Butterfly Network Inc. (NYSE: BFLY) to a Neutral in a note to investors on December 17, 2021. Butterfly Network Inc. (BFLY) has been rated Buy by analysts. According to 0 brokerage firms, BFLY is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Butterfly Network Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $7.00 – $7.00. Based on these forecasts, analysts predict Butterfly Network Inc. (BFLY) will achieve an average price target of $7.00.


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