With 2.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.1 million shares. The 52-week range on BFLY shows that it touched its highest point at $4.98 and its lowest point at $0.67 during that stretch. It currently has a 1-year price target of $4.83. Beta for the stock currently stands at 2.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BFLY was up-trending over the past week, with a rise of 16.01%, but this was up by 28.34% over a month. Three-month performance surged to 83.98% while six-month performance rose 393.19%. The stock gained 316.81% in the past year, while it has gained 50.96% so far this year. A look at the trailing 12-month EPS for BFLY yields -0.47 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.08. This implies an EPS growth rate of 52.31% for this year and 7.53% for next year.
Float and Shares Shorts:
At present, 186.56 million BFLY shares are outstanding with a float of 171.68 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BFLY since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.30416 being high and -$0.32106 being low. For BFLY, this leads to a yearly average estimate of -$0.31. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.08.
