Butterfly Network Inc (NYSE:BFLY) shares, rose in value on Wednesday, April 16, with the stock price down by -6.75% to the previous day’s close as strong demand from buyers drove the stock to $2.35.
Actively observing the price movement in the last trading, the stock closed the session at $2.52, falling within a range of $2.2801 and $2.5. The value of beta (5-year monthly) was 2.603. Referring to stock’s 52-week performance, its high was $4.98, and the low was $0.67. On the whole, BFLY has fluctuated by -9.62% over the past month.
With the market capitalization of Butterfly Network Inc currently standing at about $570.87 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-27.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BFLY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BFLY currently trading nearly -2.06% and -24.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.10, while the 7-day volatility ratio is showing 8.88% which for the 30-day chart, stands at 8.83%. Furthermore, Butterfly Network Inc (BFLY)’s beta value is 2.52, and its average true range (ATR) is 0.25.
A comparison of Butterfly Network Inc (BFLY) with its peers suggests the former has fared considerably weaker in the market. BFLY showed an intraday change of -6.75% in last session, and over the past year, it grew by 150.75%%.
Data on historical trading for Butterfly Network Inc (NYSE:BFLY) indicates that the trading volumes over the past 10 days have averaged 3.59 and over the past 3 months, they’ve averaged 4.12 million. According to company’s latest data on outstanding shares, there are 188.63 million shares outstanding.
Nearly 26.19% of Butterfly Network Inc’s shares belong to company insiders and institutional investors own 25.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.04 million shares as on 2025-03-31, resulting in a short ratio of 3.33. According to the data, the short interest in Butterfly Network Inc (BFLY) stood at 681.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 12.32 million. The stock has fallen by -24.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BFLY stock heading into the next quarter.
