BURLINGTON, Mass.–(BUSINESS WIRE)–Butterfly Network, Inc. a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, … At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

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• Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
• Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
• Our Quantitative Research team models direct competitors or comparable companies
  from a bottom-up perspective to find companies describing their business in a
  similar fashion.
• According to 3 analysts, the average rating for BFLY stock is “Buy.” The 12-month stock price forecast is $5.42, which is an increase of 232.52% from the latest price.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Analysts expect these stocks to rise more than 100% once the rest of the market sees their underlying businesses in the same light. Investment bank analysts who follow these beaten-down stocks think they could rocket higher. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Institutional investors commonly compare their own returns to the returns of a commonly followed index.

Stock Quote

BURLINGTON, Mass.–(BUSINESS WIRE)–Butterfly Network, Inc., a digital health company transforming care through the power of handheld, whole-body ultrasound, has announced the appointment of Joseph M…. Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts. Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology.

So they generally do consider buying larger companies that are included in the relevant benchmark index. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. This tiny manufacturer of handheld ultrasound devices has an edge over the competition. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.

A look at some of the companies whose shares are expected to see active trading Thursday. The 7 rating InvestorsObserver gives to Butterfly Network Inc (BFLY) stock puts it near the bottom of the Healthcare sector. In addition to scoring higher than 26 percent of stocks in the Healthcare sector, BFLY’s 7 overall rating means the stock scores better than 7 of all stocks.

Analyst Ratings

Based on an average trading volume of 1,670,000 shares, the short-interest ratio is currently 14.2 days. Approximately 16.0% of the shares of the company are sold short. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only endowment meaning in economics Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Compare
BFLY’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

Butterfly Network Reports Third Quarter 2022 Financial Results

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. It seems insiders own a significant proportion of Butterfly Network, Inc.. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The technique has proven to be very useful for finding positive surprises.

Its products include iQ+ Ultrasound, Butterfly Enterprise and iQ Vet. The company was founded by Jonathan M. Rothberg on January 25, 2011 and is headquartered in Burlington, MA. 3 brokerages have issued 12-month price targets for Butterfly Network’s stock.

We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Butterfly Network, Inc. designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment.

When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Butterfly Network’s historic earnings and revenue below, but keep in mind there’s always more to the story. 3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Butterfly Network in the last year.

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business. BFLY’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Butterfly Network’s Q3 earnings are confirmed for Thursday, November 2, 2023. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

In comparison, the second and third largest shareholders hold about 6.3% and 6.2% of the stock. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, BFLY info will be updated daily in your Zacks.com Portfolio Tracker – also free.

There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” BFLY shares. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

The digital health company reported disappointing earnings results and lowered full-year guidance. According to 3 analysts, the average rating for BFLY stock is “Buy.” The 12-month stock price forecast is $5.42, which is an increase of 232.52% from the latest price. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

Butterfly Network’s stock is owned by many different institutional and retail investors. Butterfly Network updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The https://1investing.in/ company issued revenue guidance of $64.00M-, compared to the consensus revenue estimate of $77.64 million. As of August 31st, there was short interest totaling 23,740,000 shares, a decline of 6.7% from the August 15th total of 25,450,000 shares.

Chuck Carlson, editor of the DRIP Investor newsletter, says that asset management companies look particularly strong right now, but that there are good values to be found in industrial companies that have been beaten down …

SAN FRANCISCO (MarketWatch) – Alcoa Inc. shares fell in Monday’s late trading session after the aluminum giant kicked off earnings season with fourth-quarter results that fell short of analyst forecasts. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

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On average, they predict the company’s stock price to reach $5.42 in the next twelve months. This suggests a possible upside of 227.3% from the stock’s current price. View analysts price targets for BFLY or view top-rated stocks among Wall Street analysts. Butterfly Network already has institutions on the share registry. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors.