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Butterfly Network (BFLY) Competitors

Butterfly Network logo
$3.36 -0.16 (-4.55%)
(As of 02:22 PM ET)

BFLY vs. IRTC, LIVN, ENOV, WRBY, CNMD, TNDM, TMDX, SLNO, RXST, and INMD

Should you be buying Butterfly Network stock or one of its competitors? The main competitors of Butterfly Network include iRhythm Technologies (IRTC), LivaNova (LIVN), Enovis (ENOV), Warby Parker (WRBY), CONMED (CNMD), Tandem Diabetes Care (TNDM), TransMedics Group (TMDX), Soleno Therapeutics (SLNO), RxSight (RXST), and InMode (INMD). These companies are all part of the "medical equipment" industry.

Butterfly Network vs.

Butterfly Network (NYSE:BFLY) and iRhythm Technologies (NASDAQ:IRTC) are both medical companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, community ranking, media sentiment, profitability, analyst recommendations, institutional ownership, dividends, valuation and risk.

iRhythm Technologies received 398 more outperform votes than Butterfly Network when rated by MarketBeat users. However, 66.67% of users gave Butterfly Network an outperform vote while only 66.12% of users gave iRhythm Technologies an outperform vote.

CompanyUnderperformOutperform
Butterfly NetworkOutperform Votes
6
66.67%
Underperform Votes
3
33.33%
iRhythm TechnologiesOutperform Votes
404
66.12%
Underperform Votes
207
33.88%

iRhythm Technologies has a net margin of -26.90% compared to Butterfly Network's net margin of -129.25%. Butterfly Network's return on equity of -42.68% beat iRhythm Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Butterfly Network-129.25% -42.68% -30.31%
iRhythm Technologies -26.90%-120.86%-17.96%

Butterfly Network has a beta of 2.46, indicating that its share price is 146% more volatile than the S&P 500. Comparatively, iRhythm Technologies has a beta of 1.26, indicating that its share price is 26% more volatile than the S&P 500.

37.8% of Butterfly Network shares are held by institutional investors. 27.3% of Butterfly Network shares are held by company insiders. Comparatively, 0.7% of iRhythm Technologies shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

In the previous week, iRhythm Technologies had 1 more articles in the media than Butterfly Network. MarketBeat recorded 6 mentions for iRhythm Technologies and 5 mentions for Butterfly Network. iRhythm Technologies' average media sentiment score of 0.88 beat Butterfly Network's score of 0.23 indicating that iRhythm Technologies is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Butterfly Network
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
iRhythm Technologies
4 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

iRhythm Technologies has higher revenue and earnings than Butterfly Network. iRhythm Technologies is trading at a lower price-to-earnings ratio than Butterfly Network, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Butterfly Network$76.22M9.84-$133.70M-$0.46-7.65
iRhythm Technologies$560.03M5.11-$123.41M-$4.86-18.82

Butterfly Network currently has a consensus price target of $3.00, indicating a potential downside of 14.77%. iRhythm Technologies has a consensus price target of $107.82, indicating a potential upside of 17.90%. Given iRhythm Technologies' higher possible upside, analysts plainly believe iRhythm Technologies is more favorable than Butterfly Network.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Butterfly Network
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
iRhythm Technologies
0 Sell rating(s)
2 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.82

Summary

Butterfly Network and iRhythm Technologies tied by winning 9 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BFLY vs. The Competition

MetricButterfly NetworkX IndustryMedical SectorNYSE Exchange
Market Cap$749.98M$15.37B$5.18B$19.67B
Dividend YieldN/A1.85%4.78%3.51%
P/E Ratio-7.6521.74130.2243.80
Price / Sales9.844.241,246.1417.65
Price / CashN/A12.7741.2321.73
Price / Book3.322.714.885.46
Net Income-$133.70M$340.59M$119.65M$987.68M
7 Day Performance-2.63%-4.25%16.62%-2.32%
1 Month Performance33.33%-1.29%16.34%0.63%
1 Year Performance278.49%44.41%35.38%16.39%

Butterfly Network Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BFLY
Butterfly Network
0.703 of 5 stars
$3.36
-4.5%
$3.00
-10.7%
+275.7%$715.89M$76.22M-7.30460
IRTC
iRhythm Technologies
3.2076 of 5 stars
$90.08
+4.2%
$107.82
+19.7%
-9.5%$2.82B$492.68M-17.782,000Analyst Forecast
LIVN
LivaNova
3.9457 of 5 stars
$50.01
-2.9%
$69.17
+38.3%
-0.3%$2.72B$1.24B122.622,900Analyst Upgrade
Positive News
ENOV
Enovis
3.2916 of 5 stars
$46.91
+1.7%
$67.00
+42.8%
-14.9%$2.62B$2.00B-21.396,550Positive News
WRBY
Warby Parker
1.6965 of 5 stars
$24.22
+2.5%
$20.73
-14.4%
+106.2%$2.46B$669.77M-87.523,491Analyst Forecast
CNMD
CONMED
4.624 of 5 stars
$71.74
-1.1%
$79.80
+11.2%
-37.1%$2.22B$1.29B17.234,000Positive News
TNDM
Tandem Diabetes Care
4.639 of 5 stars
$33.26
+1.8%
$53.81
+61.8%
+19.6%$2.18B$747.72M-16.922,400Positive News
TMDX
TransMedics Group
4.0843 of 5 stars
$63.95
-0.5%
$126.80
+98.3%
-15.2%$2.15B$241.62M68.36210Analyst Forecast
SLNO
Soleno Therapeutics
4.797 of 5 stars
$48.58
+4.0%
$74.83
+54.0%
+25.8%$2.09BN/A-14.0730News Coverage
RXST
RxSight
3.2 of 5 stars
$38.75
+3.9%
$62.13
+60.3%
-4.2%$1.56B$89.08M-46.59220
INMD
InMode
3.7337 of 5 stars
$18.18
-0.4%
$22.60
+24.3%
-21.9%$1.53B$423.75M9.87480Short Interest ↓
Positive News

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This page (NYSE:BFLY) was last updated on 12/18/2024 by MarketBeat.com Staff
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