Butterfly Network Inc (NYSE:BFLY) saw an upside of 0.86% to close Tuesday at $1.17 after adding $0.01 on the day. The 5-day average trading volume is 3,707,460 shares of the company’s common stock. It has gained $1.3808 in the past week and touched a new high 2 times within the past 5 days. An average of 2,702,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,104,470.
BFLY’s 1-month performance is -33.14% or -$0.5800 on its low of $1.1300 reached on 09/21/23. The company’s shares have touched a 52-week low of $1.13 and high of $5.30, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BFLY has lost -52.44% or -$1.2900 and has reached a new high 5 times. However, the current price is down -77.90% from the 52-week high price.
Insider Transactions
BFLY stock investors last saw insider trading activity on Sep 06.Stoica Andrei G (Chief Technology Officer) most recently sold 11,674 shares at $1.86 per share on Sep 06. This transaction cost the insider $21,679. EVP & Chief Financial Officer, Getz Heather C, sold 65,577 shares at a price of $2.19 on Jul 05. Then, on Jul 05, Chief Technology Officer Stoica Andrei G sold 45,633 shares at a price of $2.19 per share. This transaction amounted to $99,845.
Valuation Metrics
BFLY stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.33 while the price-to-book (PB) in the most recent quarter is 0.87.
Butterfly Network Inc’s quick ratio for the period ended June 29 was 4.25, with the current ratio over the same period at 6.37. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.11.. In terms of profitability, the gross margin trailing 12 months is 54.71%. The trailing 12-month EBITDA margin is -252.48% while for the period ending June 29, Butterfly Network Inc’s operating margin was -205.50%. The firm’s gross profit as reported stood at $39.46 million against revenue of $73.39 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -24.87% to -$28.67 million, while revenue of -$33.54 million was -16.99% off the previous quarter. Analysts expected BFLY to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.14, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$29.07 million. BFLY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 86.88 million, with total debt at $31.09 million. Shareholders hold equity totaling $206.63 million.
Let’s look briefly at Butterfly Network Inc (BFLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 21.13% to suggest the stock is trending oversold, with historical volatility in this time period at 106.23%.
The stock’s 5-day moving average is $1.1820, reflecting a -15.83% or -$0.2200 change from its current price. BFLY is currently trading -29.94% above its 20-day SMA, -43.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -51.05% and SMA200 by-58.21%.
Stochastic %K and %D was 5.95% and 6.68% and the average true range (ATR) pointed at 0.1522. The RSI (14) points at 25.23%, while the 14-day stochastic is at 5.26% with the period’s ATR at 0.1507. The stock’s 9-day MACD Oscillator is pointing at -0.1733 and -0.3440 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Butterfly Network Inc (NYSE: BFLY), UBS launched coverage with a Neutral rating. Analysts offering their rating for BFLY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BFLY as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is BFLY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.25 and a high of $4.00, with their median price target at $3.88. Looking at these predictions, the average price target given by analysts is for Butterfly Network Inc (BFLY) stock is $3.50.
