In yesterday’s Wall Street session, Butterfly Network Inc (NYSE:BFLY) shares traded at $1.66, up 9.93% from the previous session.
BFLY stock price is now 60.60% away from the 50-day moving average and 63.97% away from the 200-day moving average. The market capitalization of the company currently stands at $352.87M.
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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, Officer bought 10,212 shares of the company’s stock on Sep 05 ’24. The stock was bought for $17,321 at an average price of $1.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Director ROBBINS LARRY bought 244,774 shares of the business’s stock. A total of $262,251 was incurred on buying the stock at an average price of $1.07. This leaves the insider owning 9,955,144 shares of the company worth $16.53 million. A total of 29.43% 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 $1.93. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 5.01, and a quick ratio of 3.09. The fifty day moving average price for BFLY is $1.03356 and a two-hundred day moving average price translates $1.01237 for the stock.
The latest earnings results from Butterfly Network Inc (NYSE: BFLY) was released for 2024-06-30. The net profit margin was -153.29% and return on equity was -46.17% for BFLY. The company reported revenue of $21.49 million for the quarter, compared to $18.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.23 percent.
