There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Butterfly Network Inc (BFLY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 1.64%, to $1.24. The Butterfly Network Inc has recorded 37,032 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed iCardio.ai Joins Butterfly Garden to Deploy Its Cardiac AI Suite on Butterfly Network’s Imaging Platform.
As a NYSE listed company, BFLY falls under the Healthcare sector while operating within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $1.22 and fluctuated between $1.2700 as its day high and $1.1000 as its day low. The current market capitalization of Butterfly Network Inc is $252.69M. A total of 2.44 million shares were traded on the day, compared to an average of 2.18M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BFLY has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 10,000 and the disposition of 16,722 shares. Over the last 12 months, there were 17 BUYs and 18 SELLs from insiders. Insiders purchased 6,871,523 shares during that period but sold 365,106.
In the most recent transaction, Stoica Andrei G sold 1,748 shares of BFLY for 1.10 per share on Oct 03. After the transaction, the Chief Technology Officer now owns 1,024,080 company shares. In a previous transaction on Sep 25, Stoica Andrei G sold 3,300 shares at 1.21 per share. BFLY shares that Chief Technology Officer owns now total 1,025,828.
Among the insiders who sold shares, Stoica Andrei G disposed of 11,674 shares on Sep 06 at a per-share price of $1.86. This resulted in the Chief Technology Officer holding 1,029,128 shares of BFLY after the transaction. In another insider transaction, DEVIVO JOSEPH bought 10,000 shares at $1.81 per share on Aug 30. Company shares held by the President & CEO now total 4,010,000.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BFLY in the last 3 months, the mean price target is $2.88 with high estimates of $3.75 and low estimates of $1.25. In terms of 52-week highs and lows, BFLY has a high of $3.83 and a low of $0.76.
As of this writing, BFLY has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.14 in the last quarter, which was 12.50% higher than expectations of -$0.16.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BFLY’s latest balance sheet shows that the firm has $422.84M in Cash & Short Term Investments as of fiscal 2021. There were $27.69M in debt and $49.83M in liabilities at the time. Its Book Value Per Share was $1.24, while its Total Shareholder’s Equity was $447.69M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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.