The stock of Butterfly Network Inc (NYSE:BFLY) last traded at $4.50, down -1.75% from the previous session.
BFLY stock price is now 25.64% away from the 50-day moving average and 135.64% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
With the price target of $3, Lake Street recently initiated with Buy rating for Butterfly Network Inc (NYSE: BFLY). On March 29, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2.25, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Stoica Andrei G, Officer bought 1,680 shares of the company’s stock on Dec 31 ’24. The stock was bought for $5,536 at an average price of $3.30. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 24 ’24, Chief Technology Officer Stoica Andrei G sold 3,340 shares of the business’s stock. A total of $10,010 was realized by selling the stock at an average price of $3.00. This leaves the insider owning 1,450,917 shares of the company worth $6.53 million. A total of 27.58% of the company’s stock is owned by insiders.
During the past 12 months, Butterfly Network Inc has had a low of $0.67 and a high of $4.71. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.66, and a quick ratio of 2.85. The fifty day moving average price for BFLY is $3.5582 and a two-hundred day moving average price translates $1.89128 for the stock.
The latest earnings results from Butterfly Network Inc (NYSE: BFLY) was released for 2024-09-30. The net profit margin was -129.25% and return on equity was -44.85% for BFLY. The company reported revenue of $20.56 million for the quarter, compared to $15.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.33 percent. For the current quarter, analysts expect BFLY to generate $21.97M in revenue.
