Q2 2024 Butterfly Network Inc Earnings Call Transcript

BFLY Stock  USD 3.39  0.15  4.24%   
Slightly above 64% of Butterfly Network's investor base is looking to short. The analysis of overall sentiment of trading Butterfly Network stock suggests that many investors are alarmed at this time. Butterfly Network's investing sentiment can be driven by a variety of factors including economic data, Butterfly Network's earnings reports, geopolitical events, and overall market trends.
  
Aug 01, 2024 0900PM GMTOperator Good evening. Thank you for attending the Butterfly Network Second Quarter 2024 Earnings Call. My name is Megan, and Ill be

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Butterfly Network Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Butterfly Network can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Butterfly Network Fundamental Analysis

We analyze Butterfly Network's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Butterfly Network using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Butterfly Network based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Gross Profit

Gross Profit Comparative Analysis

Butterfly Network is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Butterfly Network Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Butterfly Network stock to make a market-neutral strategy. Peer analysis of Butterfly Network could also be used in its relative valuation, which is a method of valuing Butterfly Network by comparing valuation metrics with similar companies.

Peers

Butterfly Network Related Equities

MGRMMonogram Orthopaedics   3.50   
0%
43.0%
LUCDLucid Diagnostics   2.00   
0%
25.0%
KIDSOrthopediatrics Corp   1.23   
0%
15.0%
NPCENeuropace   1.10   
0%
13.0%
MASIMasimo   0.61   
0%
7.0%
MDTMedtronic PLC   0.30   
3.0%
0%
ELMDElectromed   0.84   
10.0%
0%
IARTIntegra LifeSciences   0.87   
10.0%
0%
GKOSGlaukos Corp   0.95   
11.0%
0%
INSPInspire Medical   1.14   
14.0%
0%
NARIInari Medical   1.24   
15.0%
0%
INMDInMode   1.30   
16.0%
0%
CVRXCVRx   4.33   
54.0%
0%
NNOXNano X   7.02   
88.0%
0%
MASS908 Devices   7.96   
100.0%
0%

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.