Butterfly Network Inc. [BFLY] Stock trading around $4.99 per share: What’s Next?


Butterfly Network Inc. [NYSE: BFLY] The loss was -4.22% or -0.22 points to close at $4.99 with a heavy trading volume of 2,871,355 shares. Company report on September 20 2022 The Butterfly Network distributes 500 Butterfly iQ+ devices to healthcare workers in Kenya to transform maternal and fetal health.

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This publication is part of a $5 million grant from the Bill & Melinda Gates Foundation to expand access to medical imaging across sub-Saharan Africa.

The inaugural Butterfly Network event at Kenyatta University showcased practitioners receiving Butterfly iQ+ devices, ultrasound training and demonstrations.

The trading session opened at $5.18, shares rose to $5.24 and fell to $4.90, which is the range in which the share price has traded all day. BFLY’s daily chart indicates that the company posted a -2.16% loss over the past six months. However, it is still -116.02% lower than the most recent trading low.

If we look at the average trading volume of 2.69 million shares, BFLY reached a volume of 2871355 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what top stock market experts have to say about Butterfly Network Inc. [BFLY]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for BFLY shares is $7.00 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on BFLY stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

UBS made an appreciation for Butterfly Network Inc.’s stock. , retaining their opinion of the stock as neutral, with their previous recommendation on December 17, 2021. While these analysts held the previous recommendation, Quinn raised the target price to Outperform. The new note about price target was released on June 21, 2021, which is the official target price for Butterfly Network Inc.’s stock.

The Average True Range (ATR) was set by Butterfly Network Inc. at 0.47, with a price-to-sales ratio for BFLY’s stock in the past 12-month period at 15.54. The price-to-book ratio for the last quarter was 2.57.

BFLY stock trading performance analysis

Butterfly Network Inc. [BFLY] It fell into the red at the end of last week, fell in a negative direction and fell by -17.25. With this latest performance, BFLY shares are down -7.76% over the past four-week period, and also -2.16% over the past six months – not to mention a -56.19% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for BFLY stock for the past two weeks was set at 38.88, with the RSI for the last one trading at 30.14, and the three-week RSI set at 43.89 for Butterfly Network Inc. [BFLY]. The current moving average for the last 50 trading days of this stock is 5.62, while it recorded at 5.36 for the last trading week, and 4.96 for the last 200 days.

Butterfly Network Inc. [BFLY]A deeper look at fundamental analysis

Operating margin for any stock indicates how profitable the investment is, Butterfly Network Inc. [BFLY] The stock currently has an operating margin of -299.42 and a gross margin of +24.77. Butterfly Network Inc. reported net margin. Currently at -51.80.

The return on equity for this stock fell to -9.14, with the return on assets remaining at -6.57.

Butterfly Network Inc.’s liquidity data is Interesting too, with the quick ratio at 5.80 and the current ratio at 6.80.

Butterfly Network Inc.’s Internal Ownership Analysis. [BFLY]

There are currently approximately $439 million, or 51.60% of BFLY’s stock, in the hands of institutional investors. The three largest corporate owners of BFLY shares are: FMR LLC with ownership of 13,169,769, which represents approximately -0.077% of the company’s market capitalization and approximately 5.10% of the total corporate ownership; VANGUARD GROUP INC., which owns 1,711,133 shares of stock with an approximate value of $63.43 million in BFLY stock; and FOSUN INTERNATIONAL LTD, currently with $53.48 million in BFLY shares with ownership of approximately 0% of the company’s market capitalization.

Positions in the Butterfly Network Inc. stock increased. held by institutional investors at the end of August and at the time of the report in August, as 76 institutional owners consolidated their positions in Butterfly Network Inc. [NYSE:BFLY] About 3212866 shares. In addition, the number of 86 investors decreased by about 6,049,252 shares, while 55 investors held positions with 78,722,508 shares. The said changes put institutional holdings at 87,984,626 shares, according to the latest report from the Securities and Exchange Commission. BFLY had 25 new institutional investors invested for a total of 805,755 shares, while 33 institutional investors sold deals totaling 2,218,134 shares during the same period.

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