Stocks of Butterfly Network Inc (NYSE:BFLY) traded higher last session on Wall Street, up 6.99% to $1.99.
BFLY stock price is now 84.02% away from the 50-day moving average and 94.83% away from the 200-day moving average. The market capitalization of the company currently stands at $423.01M.
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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, Chief Technology Officer sold 10,212 shares of the company’s stock on Sep 05 ’24. The stock was sold for $17,320 at an average price of $1.70. Upon completion of the transaction, the Chief Technology Officer now directly owns 1,470,526 shares in the company, valued at $2.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Officer Stoica Andrei G bought 10,212 shares of the business’s stock. A total of $17,321 was incurred on buying the stock at an average price of $1.70. A total of 29.86% 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 $2.00. 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 $1.10434 and a two-hundred day moving average price translates $1.02632 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. For the current quarter, analysts expect BFLY to generate $19.01M in revenue.
