Butterfly Network Stock Probability of Future Stock Price Finishing Over 18.98
| BFLY Stock | USD 3.46 0.06 1.76% |
Butterfly |
Butterfly Network Target Price Odds to finish over 18.98
The tendency of Butterfly Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 18.98 or more in 90 days |
| 3.46 | 90 days | 18.98 | close to zero percent |
Based on a normal probability distribution, the odds of Butterfly Network to move over $ 18.98 or more in 90 days from now is close to zero percent (This Butterfly Network probability density function shows the probability of Butterfly Stock to fall within a particular range of prices over 90 days) . Probability of Butterfly Network price to stay between its current price of $ 3.46 and $ 18.98 at the end of the 90-day period is about 9.82 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.18 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Butterfly Network will likely underperform. Moreover Butterfly Network has an alpha of 1.364, implying that it can generate a 1.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Butterfly Network Price Density |
| Price |
Predictive Modules for Butterfly Network
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Butterfly Network. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Butterfly Network Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Butterfly Network is not an exception. The market had few large corrections towards the Butterfly Network's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Butterfly Network, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Butterfly Network within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.36 | |
β | Beta against Dow Jones | 1.18 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | 0.23 |
Butterfly Network Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Butterfly Network for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Butterfly Network can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Butterfly Network is way too risky over 90 days horizon | |
| Butterfly Network appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 65.9 M. Net Loss for the year was (133.7 M) with profit before overhead, payroll, taxes, and interest of 39.46 M. | |
| Butterfly Network currently holds about 310.8 M in cash with (98.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.56. | |
| Butterfly Network has a poor financial position based on the latest SEC disclosures | |
| Roughly 17.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Are Medical Stocks Lagging Brainsway This Year |
Butterfly Network Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Butterfly Stock often depends not only on the future outlook of the current and potential Butterfly Network's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Butterfly Network's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 205.4 M | |
| Cash And Short Term Investments | 134.4 M |
Butterfly Network Technical Analysis
Butterfly Network's future price can be derived by breaking down and analyzing its technical indicators over time. Butterfly Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Butterfly Network. In general, you should focus on analyzing Butterfly Stock price patterns and their correlations with different microeconomic environments and drivers.
Butterfly Network Predictive Forecast Models
Butterfly Network's time-series forecasting models is one of many Butterfly Network's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Butterfly Network's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Butterfly Network
Checking the ongoing alerts about Butterfly Network for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Butterfly Network help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Butterfly Network is way too risky over 90 days horizon | |
| Butterfly Network appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 65.9 M. Net Loss for the year was (133.7 M) with profit before overhead, payroll, taxes, and interest of 39.46 M. | |
| Butterfly Network currently holds about 310.8 M in cash with (98.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.56. | |
| Butterfly Network has a poor financial position based on the latest SEC disclosures | |
| Roughly 17.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Are Medical Stocks Lagging Brainsway This Year |
Additional Tools for Butterfly Stock Analysis
When running Butterfly Network's price analysis, check to measure Butterfly Network's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Butterfly Network is operating at the current time. Most of Butterfly Network's value examination focuses on studying past and present price action to predict the probability of Butterfly Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Butterfly Network's price. Additionally, you may evaluate how the addition of Butterfly Network to your portfolios can decrease your overall portfolio volatility.