Investing In Butterfly Network Inc (NYSE: BFLY): Why Should You?

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Devices industry segment. The current market capitalization of Butterfly Network Inc is $494.56M. A total of 4.22 million shares were traded on the day, compared to an average of 2.16M shares.

In the most recent transaction, Stoica Andrei G sold 1,696 shares of BFLY for 1.79 per share on Oct 01 ’24. After the transaction, the Chief Technology Officer now owns 1,465,534 company shares. In a previous transaction on Oct 01 ’24, Stoica Andrei G bought 1,696 shares at 1.79 per share.

Among the insiders who sold shares, Stoica Andrei G disposed of 3,296 shares on Sep 24 ’24 at a per-share price of $1.74. This resulted in the Chief Technology Officer holding 1,467,230 shares of BFLY after the transaction. In another insider transaction, Stoica Andrei G bought 3,296 shares at $1.74 per share on Sep 24 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, BFLY has a high of $2.20 and a low of $0.67.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $0.85, while its Total Shareholder’s Equity was $447.69M.

Analysts Opinion

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. 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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