With 2.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.46 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 $5.00. Beta for the stock currently stands at 2.56.
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 down-trending over the past week, with a drop of -16.17%, but this was down by -41.47% over a month. Three-month performance dropped to -23.26% while six-month performance rose 54.88%. The stock gained 98.44% in the past year, while it has lost -18.59% so far this year. A look at the trailing 12-month EPS for BFLY yields -0.34 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.08. This implies an EPS growth rate of -31.75% for this year and 12.05% for next year. EPS is expected to decline by -5.98% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 66.40%.
Float and Shares Shorts:
At present, 188.63 million BFLY shares are outstanding with a float of 179.29 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 -$0.30003 being high and -$0.31741 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 -$0.05 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.07.
