Butterfly Network Inc (NYSE:BFLY) price on Thursday, May 09,rose 0.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.98.
A look at the stock’s price movement, the close in the last trading session was $0.97. Turning to its 52-week performance, $2.71 and $0.67 were the 52-week high and 52-week low respectively. Overall, BFLY moved 1.03% over the past month.
Butterfly Network Inc’s market cap currently stands at around $205.41 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BFLY is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BFLY’s current price about 15.28% and -2.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.38, while 7-day volatility ratio is 10.21% and 9.35% in the 30-day chart. Further, Butterfly Network Inc (BFLY) has a beta value of 2.15, and an average true range (ATR) of 0.09.
If we refocus on Butterfly Network Inc (NYSE:BFLY), historical trading data shows that trading volumes averaged 1.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 181.22 million shares.
The 29.71% of Butterfly Network Inc’s shares are in the hands of company insiders while institutional holders own 30.37% of the company’s shares. Current price change has pushed the stock -9.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BFLY stock continues to rise going into the next quarter.
