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Wednesday, February 1, 2023

Make Sure You Stick With Butterfly Network Inc. (BFLY). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Butterfly Network Inc. (BFLY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $2.32. The Butterfly Network Inc. has recorded 15,736 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Butterfly Network Completes Successful Deployment of 500 Butterfly iQ+ Devices and Training of 500+ Healthcare Workers Across 224 Facilities in Kenya.

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Stocks Info

Butterfly Network Inc. is listed on the NYSE in the Healthcare sector while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $2.32 and fluctuated between $2.3600 as its day high and $2.2650 as its day low. The current market capitalization of Butterfly Network Inc. is $475.76M. A total of 1.92 million shares were traded on the day, compared to an average of 2.09M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BFLY has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 374 shares. Over the last 12 months, there were 26 BUYs and 12 SELLs from insiders. Insiders purchased 10,368,872 shares during that period but sold 9,556,696.

In the most recent transaction, Shahida Darius sold 26,885 shares of BFLY for 2.36 per share on Dec 19. After the transaction, the Chief Strategy/Bus Dev Officer now owns 629,908 company shares. In a previous transaction on Dec 14, Quander Troy sold 374 shares at 2.62 per share. BFLY shares that SVP, Regulatory and Quality owns now total 172,993.

Among the insiders who sold shares, Stoica Andrei G disposed of 4,776 shares on Oct 03 at a per-share price of $4.76. This resulted in the Chief Technology Officer holding 457,022 shares of BFLY after the transaction. In another insider transaction, Shahida Darius sold 20,139 shares at $5.49 per share on Sep 19. Company shares held by the Chief Strategy/Bus Dev Officer now total 656,793.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BFLY in the last 3 months, the mean price target is $6.00 with high estimates of $7.50 and low estimates of $4.50. In terms of 52-week highs and lows, BFLY has a high of $8.72 and a low of $2.17.

As of this writing, BFLY has an earnings estimate of -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.24 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.22 in the last quarter, which was 12.00% higher than expectations of -$0.25.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BFLY is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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