Butterfly Network Inc (NYSE:BFLY) price on current trading day, rose 13.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.37.
A look at the stock’s price movement, the close in the last trading session was $2.08, moving within a range at $2.01 and $2.42. The beta value (5-Year monthly) was 2.603. Turning to its 52-week performance, $4.98 and $0.67 were the 52-week high and 52-week low respectively. Overall, BFLY moved -6.69% over the past month.
Butterfly Network Inc’s market cap currently stands at around $575.73 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-27.
Analysts have a consensus estimate of 21.16M for the company’s revenue for the quarter, with a low and high estimate of 20.3M and 21.64M respectively. The average forecast suggests up to a 19.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 97.74M, representing a 19.12% jump on that reported in the last financial year.
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 Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend BFLY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BFLY’s current price about -3.52% and -27.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.48, while 7-day volatility ratio is 13.58% and 8.20% in the 30-day chart. Further, Butterfly Network Inc (BFLY) has a beta value of 2.40, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -110.97% off current price level while to achieve the yearly target high, price needs to move -110.97%. Nonetheless, investors will most likely welcome a -110.97% jump to $5 which is the analysts’ median price.
If we refocus on Butterfly Network Inc (NYSE:BFLY), historical trading data shows that trading volumes averaged 3.36 over the past 10 days and 4.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.63 million shares.
The 26.19% of Butterfly Network Inc’s shares are in the hands of company insiders while institutional holders own 25.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.6 million on 2025-03-14, giving us a short ratio of 2.69. The data shows that as of 2025-03-14 short interest in Butterfly Network Inc (BFLY) stood at 605.99998 of shares outstanding, with shares short falling to 12.81 million registered in 2025-02-14. Current price change has pushed the stock -24.04% 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.
