After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Butterfly Network, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024.
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Stocks Info
The company is listed on the NYSE and operates within the Medical Devices industry segment. The current market capitalization of Butterfly Network Inc is $209.19M. A total of 1.38 million shares were traded on the day, compared to an average of 1.72M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BFLY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 14 SELLs from insiders. Insiders purchased 6,937,312 shares during that period but sold 331,533.
In the most recent transaction, Getz Heather C sold 66,142 shares of BFLY for 1.02 per share on Jan 05. After the transaction, the EVP, CFO & COO now owns 1,517,236 company shares. In a previous transaction on Jan 05, Stoica Andrei G sold 35,612 shares at 1.02 per share. BFLY shares that Chief Technology Officer owns now total 978,286.
Among the insiders who sold shares, Stoica Andrei G disposed of 2,247 shares on Dec 26 at a per-share price of $1.03. This resulted in the Chief Technology Officer holding 1,013,898 shares of BFLY after the transaction. In another insider transaction, Stoica Andrei G sold 7,935 shares at $0.99 per share on Dec 05. Company shares held by the Chief Technology Officer now total 1,016,145.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BFLY in the last 3 months, the mean price target is $3.38 with high estimates of $3.75 and low estimates of $3.00. In terms of 52-week highs and lows, BFLY has a high of $2.90 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 2 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BFLY’s latest balance sheet shows that the firm has $422.84M in Cash & Short Term Investments as of fiscal 2021. There were $29.08M 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.
Analysts Opinion
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. 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.
