Butterfly Network Trading Down 6.3 percent Heres What Happened
| BFLY Stock | USD 3.12 0.11 3.41% |
Slightly above 62% 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.
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Butterfly Network, Inc. s share price dropped 6.3 percent during mid-day trading on Wednesday . The stock traded as low as 3.28 and last traded at 3.30. Approximately 1,271,834 shares were traded during mid-day trading, a decline of percent from the average daily volume of 2,086,689 shares. The stock had previously closed
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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.
Market Capitalization
Market Capitalization Comparative Analysis
Butterfly Network is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
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
| MASS | 908 Devices | 3.29 | ||||
| NPCE | Neuropace | 2.94 | ||||
| KIDS | Orthopediatrics Corp | 2.70 | ||||
| LUCD | Lucid Diagnostics | 2.50 | ||||
| IART | Integra LifeSciences | 0.93 | ||||
| MDT | Medtronic PLC | 0.43 | ||||
| INMD | InMode | 0.42 | ||||
| MGRM | Monogram Orthopaedics | 0.42 | ||||
| INSP | Inspire Medical | 0.40 | ||||
| GKOS | Glaukos Corp | 0.29 | ||||
| CVRX | CVRx | 0.78 | ||||
| NARI | Inari Medical | 1.69 | ||||
| MASI | Masimo | 1.95 | ||||
| ELMD | Electromed | 2.02 | ||||
| NNOX | Nano X | 4.26 |
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.