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. Earlier, Yahoo Finance discussed this stock as it revealed Butterfly Network to Participate at the TD Cowen 44th Annual Health Care Conference on March 5, 2024.
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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. The current market capitalization of Butterfly Network Inc is $310.68M. A total of 6.09 million shares were traded on the day, compared to an average of 1.88M 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 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.
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 $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
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. 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
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, 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.
