Butterfly Network Inc (NYSE:BFLY) traded at $0.81 at close of the session on Monday, April 29, made an upward move of 3.99% on its previous day’s price.
Looking at the stock we see that its previous close was $0.78. In terms of its 52-week price range, BFLY has a high of $2.71 and a low of $0.67. The company’s stock has lost about -25.01% over that past 30 days.
Butterfly Network Inc has a market cap of $170.63 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.12, with the EPS growth for the year raised at -$0.45 for 2024 and -$0.43 for next year. These figures represent 30.80% and 4.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $16.8 million, with a low of $16.5 million and a high of $17.1 million. The median projection represents growth squeezing down to 8.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $72.85 million, or 10.50% up from figures reported last year.
On the other hand, looking at the outlook for the BFLY stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -9.17% off its SMA20 and -21.72% from its 50-day simple moving average. The RSI (14) is pointing at 41.99 while the volatility over the past week is 9.49% and jumps to 7.81% over the past one month. The beta value is 2.10, while the average true range (ATR) is currently pointing at 0.08.
Coming back to Butterfly Network Inc (NYSE:BFLY), we note that the average 3-month trading volume was 1.72 million. Current shares outstanding are 181.22 million.
The insiders hold 29.71% of the company’s shares while institutions hold 31.19%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -25.01% down in year-to-date price movement.
