Butterfly Network (BFLY) Stock Price, News & Analysis

Company Overview

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as professional services for large scale deployments; and ScanLab, an education-only app provides written walkthroughs and reference imagery to guide real-time educational scanning, enhancing the learning process. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.

Key Stats

• Today's Range: $2.29 to $2.56
• 50-Day Range: $1.52 to $2.73
• 52-Week Range: $0.67 to $2.92
• Volume: 3.01 million shs
• Average Volume: 3.06 million shs
• Market Capitalization: $500.69 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Buy

Butterfly Network Stock Analysis - MarketRank™

Butterfly Network scored higher than 58% of companies evaluated by MarketBeat, and ranked 467th out of 970 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Butterfly Network has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Butterfly Network has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Butterfly Network are expected to grow in the coming year, from ($0.34) to ($0.33) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Butterfly Network is -5.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Butterfly Network is -5.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Butterfly Network has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.81% of the float of Butterfly Network has been sold short.

Short Interest Ratio / Days to Cover

Butterfly Network has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Butterfly Network has recently increased by 1.61%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Butterfly Network does not currently pay a dividend.

Dividend Growth

Butterfly Network does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.81% of the float of Butterfly Network has been sold short.

Short Interest Ratio / Days to Cover

Butterfly Network has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Butterfly Network has recently increased by 1.61%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.67

News Sentiment

Butterfly Network has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Butterfly Network this week, compared to 3 articles on an average week.

Search Interest

23 people have searched for BFLY on MarketBeat in the last 30 days. This is an increase of 229% compared to the previous 30 days.

MarketBeat Follows

17 people have added Butterfly Network to their MarketBeat watchlist in the last 30 days. This is an increase of 750% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Butterfly Network insiders have bought 2,886.07% more of their company's stock than they have sold. Specifically, they have bought $261,908.00 in company stock and sold $8,771.00 in company stock.

Percentage Held by Insiders

27.28% of the stock of Butterfly Network is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 37.85% of the stock of Butterfly Network is held by institutions.

BFLY Stock Analysis - Frequently Asked Questions

How have BFLY shares performed this year?

Butterfly Network's stock was trading at $1.08 at the start of the year. Since then, BFLY shares have increased by 117.6% and is now trading at $2.35.
View the best growth stocks for 2024 here.

How were Butterfly Network's earnings last quarter?

Butterfly Network, Inc. (NYSE:BFLY) posted its quarterly earnings results on Friday, November, 1st. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The firm had revenue of $20.56 million for the quarter, compared to analysts' expectations of $19.12 million. Butterfly Network had a negative trailing twelve-month return on equity of 42.68% and a negative net margin of 129.25%.

Who are Butterfly Network's major shareholders?

Top institutional investors of Butterfly Network include ARK Investment Management LLC (4.08%), Geode Capital Management LLC (0.81%), Charles Schwab Investment Management Inc. (0.45%) and GSA Capital Partners LLP (0.44%). Insiders that own company stock include Larry Robbins, Joseph Devivo, Heather C Getz, Andrei G Stoica, Lawrence T Weiss, Darius Shahida, Troy Quander, Todd Fruchterman, Mary Miller, Stacey Pugh and Stephanie Fielding.
View institutional ownership trends.

How do I buy shares of Butterfly Network?

Shares of BFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Butterfly Network own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Butterfly Network investors own include Scilex (SCLX), Enovix (ENVX), Rigetti Computing (RGTI), AUO (AUOTY), Ginkgo Bioworks (DNA), American Water Works (AWK) and Waste Connections (WCN).

Company Calendar

• Last Earnings: 11/01/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: X - ray apparatus & tubes
• Sub-Industry: Medical Equipment
• Current Symbol: NYSE:BFLY
• CUSIP: N/A
• CIK: 1804176
• Web: www.butterflynetwork.com
• Phone: 781-557-4800
• Fax: N/A
• Employees: 460
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +27.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.46)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-133,700,000.00
• Net Margins: -129.25%
• Pretax Margin: -129.15%
• Return on Equity: -42.68%
• Return on Assets: -30.31%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.66
• Quick Ratio: 2.95

Sales & Book Value

• Annual Sales: $65.90 million
• Price / Sales: 7.60
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.85 per share
• Price / Book: 2.76

Miscellaneous

• Outstanding Shares: 213,060,000
• Free Float: 154,939,000
• Market Cap: $500.69 million
• Optionable: Optionable
• Beta: 2.17