Analysts Point To Butterfly Network Inc (NYSE: BFLY) Growth In The Future

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Butterfly Network Obtains EU MDR Certification for Butterfly iQ+ Devices in Key European Markets.

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Stocks Info

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 $1.13 and fluctuated between $1.1300 as its day high and $1.0598 as its day low. The current market capitalization of Butterfly Network Inc is $235.19M. A total of 1.1 million shares were traded on the day, compared to an average of 1.93M shares.

In the most recent transaction, Getz Heather C sold 81,448 shares of BFLY for 1.14 per share on Mar 11 ’24. After the transaction, the EVP, CFO & COO now owns 1,435,788 company shares. In a previous transaction on Mar 11 ’24, Stoica Andrei G sold 76,498 shares at 1.14 per share. BFLY shares that Chief Technology Officer owns now total 889,675.

Among the insiders who sold shares, Stoica Andrei G disposed of 12,113 shares on Mar 05 ’24 at a per-share price of $1.15. This resulted in the Chief Technology Officer holding 966,173 shares of BFLY after the transaction. In another insider transaction, Getz Heather C sold 66,142 shares at $1.02 per share on Jan 05 ’24. Company shares held by the EVP, CFO & COO now total 1,517,236.

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. 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 -$0.12 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 -$0.12. The company reported an EPS of -$0.13 in the last quarter, which was 13.30% higher than expectations of -$0.15.

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 $29.08M in debt and $49.83M in liabilities at the time. Its Book Value Per Share was $1.06, while its Total Shareholder’s Equity was $447.69M.

Analysts Opinion

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.

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