With 2.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.53 million shares. The 52-week range on BFLY shows that it touched its highest point at $4.98 and its lowest point at $0.82 during that stretch. It currently has a 1-year price target of $4.17. Beta for the stock currently stands at 2.59.
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 -9.58%, but this was up by 6.37% over a month. Three-month performance dropped to -52.62% while six-month performance rose 21.91%. The stock gained 135.28% in the past year, while it has lost -30.45% so far this year. A look at the trailing 12-month EPS for BFLY yields -0.30 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.06. This implies an EPS growth rate of -4.76% for this year and 13.64% for next year. EPS is expected to grow by 5.90% 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, 220.82 million BFLY shares are outstanding with a float of 183.25 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 -$0.29969 being high and -$0.31957 being low. For BFLY, this leads to a yearly average estimate of -$0.31.
