The stock of Butterfly Network Inc (NYSE:BFLY) last traded at $0.98, up 3.80% from the previous session.
BFLY stock price is now 5.00% away from the 50-day moving average and -3.61% away from the 200-day moving average. The market capitalization of the company currently stands at $205.59M.
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With the price target of $2.25, UBS recently initiated with Neutral rating for Butterfly Network Inc (NYSE: BFLY). On November 29, 2022, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $4.50, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Stoica Andrei G, Chief Technology Officer sold 3,363 shares of the company’s stock on Jun 25 ’24. The stock was sold for $3,107 at an average price of $0.92. Upon completion of the transaction, the Chief Technology Officer now directly owns 1,482,441 shares in the company, valued at $1.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Chief Technology Officer Stoica Andrei G sold 11,754 shares of the business’s stock. A total of $10,602 was realized by selling the stock at an average price of $0.90. This leaves the insider owning 1,485,804 shares of the company worth $1.46 million. A total of 27.34% 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 $2.71. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 5.13, and a quick ratio of 3.24. The fifty day moving average price for BFLY is $0.93466 and a two-hundred day moving average price translates $1.00868 for the stock.
The latest earnings results from Butterfly Network Inc (NYSE: BFLY) was released for 2024-03-31. The net profit margin was -179.08% and return on equity was -48.75% for BFLY. The company reported revenue of $17.66 million for the quarter, compared to $15.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.09 percent.
