In yesterday’s Wall Street session, Butterfly Network Inc (NYSE:BFLY) shares traded at $3.32, up 8.85% from the previous session.
BFLY stock price is now 65.54% away from the 50-day moving average and 159.40% away from the 200-day moving average. The market capitalization of the company currently stands at $707.37M.
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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 1,696 shares of the company’s stock on Oct 01 ’24. The stock was sold for $3,034 at an average price of $1.79. Upon completion of the transaction, the Chief Technology Officer now directly owns 1,465,534 shares in the company, valued at $4.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Officer Stoica Andrei G bought 1,696 shares of the business’s stock. A total of $3,034 was incurred on buying the stock at an average price of $1.79. A total of 29.49% 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 $3.14. 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 $1.9778 and a two-hundred day moving average price translates $1.267845 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.
