There Is A Quest For Clarity Surrounding Butterfly Network Inc (NYSE: BFLY) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. The current market capitalization of Butterfly Network Inc is $204.25M. A total of 1.94 million shares were traded on the day, compared to an average of 1.82M shares.

In the most recent transaction, Stoica Andrei G sold 1,778 shares of BFLY for 1.00 per share on Apr 02 ’24. After the transaction, the Chief Technology Officer now owns 1,497,558 company shares. In a previous transaction on Mar 25 ’24, Stoica Andrei G sold 3,298 shares at 1.02 per share. BFLY shares that Chief Technology Officer owns now total 1,499,336.

Among the insiders who sold shares, Getz Heather C disposed of 81,448 shares on Mar 11 ’24 at a per-share price of $1.14. This resulted in the EVP, CFO & COO holding 1,435,788 shares of BFLY after the transaction. In another insider transaction, Stoica Andrei G sold 76,498 shares at $1.14 per share on Mar 11 ’24. Company shares held by the Chief Technology Officer now total 889,675.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BFLY has a high of $2.71 and a low of $0.67.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $0.97, 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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