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Butterfly Network Inc
Buy, Hold or Sell?

Let's analyse Butterfly Network Inc together

PenkeI guess you are interested in Butterfly Network Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Butterfly Network Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Butterfly Network Inc (30 sec.)










What can you expect buying and holding a share of Butterfly Network Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$1.06
Expected worth in 1 year
$0.50
How sure are you?
12.5%

+ What do you gain per year?

Total Gains per Share
$-0.56
Return On Investment
-52.7%

For what price can you sell your share?

Current Price per Share
$1.06
Expected price per share
$0.772 - $1.62
How sure are you?
50%

1. Valuation of Butterfly Network Inc (5 min.)




Live pricePrice per Share (EOD)

$1.06

Intrinsic Value Per Share

$-4.50 - $-5.06

Total Value Per Share

$-3.44 - $-4.00

2. Growth of Butterfly Network Inc (5 min.)




Is Butterfly Network Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$220m$367m-$104.2m-39.7%

How much money is Butterfly Network Inc making?

Current yearPrevious yearGrowGrow %
Making money-$33.4m-$42.1m$8.7m26.2%
Net Profit Margin-204.1%-232.1%--

How much money comes from the company's main activities?

3. Financial Health of Butterfly Network Inc (5 min.)




4. Comparing to competitors in the Medical Devices industry (5 min.)




  Industry Rankings (Medical Devices)  


Richest
#100 / 340

Most Revenue
#164 / 340

Most Profit
#315 / 340

Most Efficient
#270 / 340

What can you expect buying and holding a share of Butterfly Network Inc? (5 min.)

Welcome investor! Butterfly Network Inc's management wants to use your money to grow the business. In return you get a share of Butterfly Network Inc.

What can you expect buying and holding a share of Butterfly Network Inc?

First you should know what it really means to hold a share of Butterfly Network Inc. And how you can make/lose money.

Speculation

The Price per Share of Butterfly Network Inc is $1.06. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Butterfly Network Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Butterfly Network Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.06. Based on the TTM, the Book Value Change Per Share is $-0.14 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.16 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Butterfly Network Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.21-20.1%-0.16-15.3%-0.21-19.9%-0.15-14.5%-0.15-14.5%
Usd Book Value Change Per Share-0.18-17.3%-0.14-13.2%-0.16-15.1%0.076.3%0.076.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.18-17.3%-0.14-13.2%-0.16-15.1%0.076.3%0.076.3%
Usd Price Per Share1.08-1.61-3.75-6.22-6.22-
Price to Earnings Ratio-1.27--2.61--4.39--102.51--102.51-
Price-to-Total Gains Ratio-5.89--12.51--23.72--76.37--76.37-
Price to Book Ratio1.02-1.24-2.03-1,953.58-1,953.58-
Price-to-Total Gains Ratio-5.89--12.51--23.72--76.37--76.37-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.06
Number of shares943
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.140.07
Usd Total Gains Per Share-0.140.07
Gains per Quarter (943 shares)-131.7162.57
Gains per Year (943 shares)-526.84250.28
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-527-5370250240
20-1054-10640501490
30-1581-15910751740
40-2107-211801001990
50-2634-2645012511240
60-3161-3172015021490
70-3688-3699017521740
80-4215-4226020021990
90-4742-4753022532240
100-5268-5280025032490

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.016.00.00.0%0.016.00.00.0%0.016.00.00.0%
Book Value Change Per Share0.04.00.00.0%1.011.00.08.3%2.012.02.012.5%2.012.02.012.5%2.012.02.012.5%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.016.00.0%0.00.016.00.0%0.00.016.00.0%
Total Gains per Share0.04.00.00.0%1.011.00.08.3%2.012.02.012.5%2.012.02.012.5%2.012.02.012.5%

Fundamentals of Butterfly Network Inc

About Butterfly Network Inc

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as professional services for large scale deployments; and ScanLab, an education-only app provides written walkthroughs and reference imagery to guide real-time educational scanning, enhancing the learning process. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.

Fundamental data was last updated by Penke on 2024-03-22 16:54:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Butterfly Network Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Butterfly Network Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • A Net Profit Margin of -267.1% means that $-2.67 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Butterfly Network Inc:

  • The MRQ is -267.1%. The company is making a huge loss. -2
  • The TTM is -204.1%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-267.1%TTM-204.1%-63.0%
TTM-204.1%YOY-232.1%+28.0%
TTM-204.1%5Y-217.2%+13.1%
5Y-217.2%10Y-217.2%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-267.1%-11.0%-256.1%
TTM-204.1%-20.2%-183.9%
YOY-232.1%-14.0%-218.1%
5Y-217.2%-19.5%-197.7%
10Y-217.2%-23.8%-193.4%
1.1.2. Return on Assets

Shows how efficient Butterfly Network Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • -14.5% Return on Assets means that Butterfly Network Inc generated $-0.15 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Butterfly Network Inc:

  • The MRQ is -14.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -9.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-14.5%TTM-9.8%-4.7%
TTM-9.8%YOY-9.0%-0.9%
TTM-9.8%5Y-12,636.1%+12,626.3%
5Y-12,636.1%10Y-12,636.1%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-14.5%-3.1%-11.4%
TTM-9.8%-4.2%-5.6%
YOY-9.0%-4.0%-5.0%
5Y-12,636.1%-3.8%-12,632.3%
10Y-12,636.1%-4.1%-12,632.0%
1.1.3. Return on Equity

Shows how efficient Butterfly Network Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • -20.1% Return on Equity means Butterfly Network Inc generated $-0.20 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Butterfly Network Inc:

  • The MRQ is -20.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -13.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-20.1%TTM-13.1%-7.0%
TTM-13.1%YOY-11.6%-1.5%
TTM-13.1%5Y-21.4%+8.3%
5Y-21.4%10Y-21.4%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-20.1%-3.5%-16.6%
TTM-13.1%-4.4%-8.7%
YOY-11.6%-4.7%-6.9%
5Y-21.4%-5.7%-15.7%
10Y-21.4%-6.2%-15.2%

1.2. Operating Efficiency of Butterfly Network Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Butterfly Network Inc is operating .

  • Measures how much profit Butterfly Network Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • An Operating Margin of -281.0% means the company generated $-2.81  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Butterfly Network Inc:

  • The MRQ is -281.0%. The company is operating very inefficient. -2
  • The TTM is -220.0%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-281.0%TTM-220.0%-61.0%
TTM-220.0%YOY-265.7%+45.7%
TTM-220.0%5Y-297.4%+77.4%
5Y-297.4%10Y-297.4%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-281.0%-24.5%-256.5%
TTM-220.0%-14.9%-205.1%
YOY-265.7%-11.5%-254.2%
5Y-297.4%-17.1%-280.3%
10Y-297.4%-20.6%-276.8%
1.2.2. Operating Ratio

Measures how efficient Butterfly Network Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Devices industry mean).
  • An Operation Ratio of 3.81 means that the operating costs are $3.81 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Butterfly Network Inc:

  • The MRQ is 3.810. The company is inefficient in keeping operating costs low. -1
  • The TTM is 3.219. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ3.810TTM3.219+0.591
TTM3.219YOY3.657-0.438
TTM3.2195Y3.975-0.755
5Y3.97510Y3.9750.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8101.454+2.356
TTM3.2191.452+1.767
YOY3.6571.434+2.223
5Y3.9751.432+2.543
10Y3.9751.366+2.609

1.3. Liquidity of Butterfly Network Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Butterfly Network Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Medical Devices industry mean).
  • A Current Ratio of 5.22 means the company has $5.22 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Butterfly Network Inc:

  • The MRQ is 5.224. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.178. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ5.224TTM6.178-0.954
TTM6.178YOY7.818-1.639
TTM6.1785Y6.335-0.157
5Y6.33510Y6.3350.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2242.789+2.435
TTM6.1782.793+3.385
YOY7.8183.586+4.232
5Y6.3353.492+2.843
10Y6.3353.450+2.885
1.3.2. Quick Ratio

Measures if Butterfly Network Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • A Quick Ratio of 3.34 means the company can pay off $3.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Butterfly Network Inc:

  • The MRQ is 3.344. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.902. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.344TTM3.902-0.557
TTM3.902YOY6.665-2.764
TTM3.9025Y378.882-374.980
5Y378.88210Y378.8820.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ3.3441.587+1.757
TTM3.9021.633+2.269
YOY6.6652.155+4.510
5Y378.8822.300+376.582
10Y378.8822.255+376.627

1.4. Solvency of Butterfly Network Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Butterfly Network Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Butterfly Network Inc to Medical Devices industry mean.
  • A Debt to Asset Ratio of 0.28 means that Butterfly Network Inc assets are financed with 27.7% credit (debt) and the remaining percentage (100% - 27.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Butterfly Network Inc:

  • The MRQ is 0.277. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.242. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.277TTM0.242+0.035
TTM0.242YOY0.224+0.018
TTM0.2425Y0.399-0.157
5Y0.39910Y0.3990.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2770.400-0.123
TTM0.2420.386-0.144
YOY0.2240.330-0.106
5Y0.3990.440-0.041
10Y0.3990.460-0.061
1.4.2. Debt to Equity Ratio

Measures if Butterfly Network Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • A Debt to Equity ratio of 38.3% means that company has $0.38 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Butterfly Network Inc:

  • The MRQ is 0.383. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.321. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.383TTM0.321+0.062
TTM0.321YOY0.289+0.032
TTM0.3215Y0.244+0.077
5Y0.24410Y0.2440.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3830.570-0.187
TTM0.3210.569-0.248
YOY0.2890.479-0.190
5Y0.2440.626-0.382
10Y0.2440.692-0.448

2. Market Valuation of Butterfly Network Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Butterfly Network Inc generates.

  • Above 15 is considered overpriced but always compare Butterfly Network Inc to the Medical Devices industry mean.
  • A PE ratio of -1.27 means the investor is paying $-1.27 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Butterfly Network Inc:

  • The EOD is -1.245. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.268. Based on the earnings, the company is expensive. -2
  • The TTM is -2.611. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.245MRQ-1.268+0.023
MRQ-1.268TTM-2.611+1.343
TTM-2.611YOY-4.390+1.779
TTM-2.6115Y-102.513+99.902
5Y-102.51310Y-102.5130.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-1.245-1.038-0.207
MRQ-1.268-1.216-0.052
TTM-2.611-1.757-0.854
YOY-4.390-2.588-1.802
5Y-102.513-1.553-100.960
10Y-102.513-1.463-101.050
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Butterfly Network Inc:

  • The EOD is -3.518. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.584. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.401. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.518MRQ-3.584+0.066
MRQ-3.584TTM-3.401-0.183
TTM-3.401YOY-4.015+0.613
TTM-3.4015Y-8.869+5.467
5Y-8.86910Y-8.8690.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-3.518-1.228-2.290
MRQ-3.584-1.746-1.838
TTM-3.401-2.961-0.440
YOY-4.015-6.157+2.142
5Y-8.869-4.928-3.941
10Y-8.869-5.626-3.243
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Butterfly Network Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Medical Devices industry mean).
  • A PB ratio of 1.02 means the investor is paying $1.02 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Butterfly Network Inc:

  • The EOD is 0.998. Based on the equity, the company is cheap. +2
  • The MRQ is 1.017. Based on the equity, the company is underpriced. +1
  • The TTM is 1.237. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.998MRQ1.017-0.019
MRQ1.017TTM1.237-0.220
TTM1.237YOY2.034-0.797
TTM1.2375Y1,953.579-1,952.342
5Y1,953.57910Y1,953.5790.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD0.9982.038-1.040
MRQ1.0172.321-1.304
TTM1.2372.444-1.207
YOY2.0343.047-1.013
5Y1,953.5793.918+1,949.661
10Y1,953.5794.245+1,949.334
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Butterfly Network Inc.

3.1. Institutions holding Butterfly Network Inc

Institutions are holding 43.271% of the shares of Butterfly Network Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31ARK Investment Management LLC6.57680.0875136885349732607.6543
2023-12-31Fosun International Ltd5.14892.35841071663000
2023-12-31BlackRock Inc4.96320.000310330167-649960-5.9194
2023-12-31Glenview Capital Management LLC3.85980.1855803350100
2023-12-31Vanguard Group Inc3.68340.00027666518-2747278-26.3811
2023-12-31Geode Capital Management, LLC1.5190.000431616582088857.0742
2023-12-31State Street Corporation1.47820.00023076672-1130570-26.872
2023-09-30Citadel Advisors Llc0.90450.0005188251517459641278.6168
2023-12-31Cetera Investment Advisers0.60470.0111258651-125955-9.0968
2023-12-31Charles Schwab Investment Management Inc0.58040.00031208016951858.5534
2023-12-31Northern Trust Corp0.56970.00021185836-20799-1.7237
2023-12-31Bill & Melinda Gates Foundation0.48571.2148101100300
2023-12-31Nikko Asset Management Americas Inc0.44350.0096923157-19749-2.0945
2023-12-31Sumitomo Mitsui Trust Holdings Inc0.44350.0007923157-19749-2.0945
2023-12-31Raymond James & Associates0.36530.0006760301-177748-18.9487
2023-12-31ISTHMUS Partners LLC0.33110.096868922200
2023-12-31Goldman Sachs Group Inc0.28980.000160324424759269.6164
2023-12-31Zazove Associates LLC0.27890.0785804495304491060.898
2023-12-31GSA Capital Partners LLP0.26070.0493542512354586.9929
2023-12-31Bank of New York Mellon Corp0.25220.0001524924-59414-10.1677
Total 33.03934.094568766667-1114429-1.6%

3.2. Funds holding Butterfly Network Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31ARK Genomic Revolution6.52050.66135714009702207.6994
2024-02-29ARK Genomic Revolution ETF5.70350.755511871019600060.5081
2024-02-29Vanguard Total Stock Mkt Idx Inv2.04610.0003425866500
2024-02-29iShares Russell 2000 ETF1.72690.00693594264-587-0.0163
2024-02-29Vanguard Institutional Extnd Mkt Idx Tr1.03340.0025215086200
2023-12-31Fidelity Small Cap Index0.68010.0061415430387952.8181
2024-02-01iShares Russell 2000 Value ETF0.62130.0096129322116360.1267
2024-01-31Fidelity Extended Market Index0.41780.002286954700
2024-02-29State St Russell Sm/Mid Cp® Indx NL Cl C0.40310.0024839043101001.2184
2024-02-29Schwab US Small-Cap ETF™0.34350.006571488800
2024-02-29Vanguard Russell 2000 ETF0.25050.0065521308402648.3701
2024-02-29Vanguard Health Care ETF0.24930.00351883426560.5146
2024-02-29State St Russell Sm Cap® Indx SL Cl I0.24440.006450870800
2023-12-31NT R2000 Value Index Fund - NL0.18960.011339463700
2023-12-31NT R2000 Index Fund - NL0.18830.00583918405140.1313
2024-02-29Direxion Moonshot Innovators ETF0.16941.528835266400
2023-09-30BlackRock Extended Mkt Composite0.16380.002934102124420.7212
2024-02-29Global X Internet of Things ETF0.16280.141333889200
2024-01-31Schwab Small Cap Index0.15390.005132033200
2024-02-29iShares Micro-Cap ETF0.15350.041731952300
Total 21.42173.204744586098+1126046+2.5%

3.3. Insider Transactions

Insiders are holding 12.343% of the shares of Butterfly Network Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-01-05Heather C GetzSELL661421.02
2024-01-05Andrei G StoicaSELL356121.02
2023-12-26Andrei G StoicaSELL22471.03
2023-12-05Andrei G StoicaSELL79350.99
2023-10-03Andrei G StoicaSELL17481.1
2023-09-25Andrei G StoicaSELL33001.21
2023-09-06Andrei G StoicaSELL116741.86
2023-08-30Joseph DevivoBUY100001.81
2023-07-05Andrei G StoicaSELL456332.19
2023-07-05Lawrence T WeissSELL276552.19
2023-07-05Heather C GetzSELL655772.19
2023-07-03Andrei G StoicaSELL16872.34
2023-06-23Andrei G StoicaSELL33622.1
2023-05-24Lawrence T WeissSELL522962.22
2023-05-03Heather C GetzSELL645361.98
2023-03-31Andrei G StoicaSELL12001.65
2023-03-23Andrei G StoicaSELL92391.95

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Butterfly Network Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.183-0.140-24%-0.160-13%0.066-377%0.066-377%
Book Value Per Share--1.0621.281-17%1.837-42%1.236-14%1.236-14%
Current Ratio--5.2246.178-15%7.818-33%6.335-18%6.335-18%
Debt To Asset Ratio--0.2770.242+14%0.224+24%0.399-31%0.399-31%
Debt To Equity Ratio--0.3830.321+19%0.289+33%0.244+57%0.244+57%
Dividend Per Share----0%-0%-0%-0%
Eps---0.213-0.163-24%-0.211-1%-0.153-28%-0.153-28%
Free Cash Flow Per Share---0.075-0.128+70%-0.235+211%-0.184+144%-0.184+144%
Free Cash Flow To Equity Per Share---0.075-0.127+69%-0.231+207%0.030-353%0.030-353%
Gross Profit Margin--1.2331.300-5%1.365-10%2.465-50%2.465-50%
Intrinsic Value_10Y_max---5.064--------
Intrinsic Value_10Y_min---4.505--------
Intrinsic Value_1Y_max---0.782--------
Intrinsic Value_1Y_min---0.769--------
Intrinsic Value_3Y_max---2.141--------
Intrinsic Value_3Y_min---2.048--------
Intrinsic Value_5Y_max---3.247--------
Intrinsic Value_5Y_min---3.032--------
Market Cap192609428.480-16%223856026.920329973159.025-32%748542940.995-70%1181699456.245-81%1181699456.245-81%
Net Profit Margin---2.671-2.041-24%-2.321-13%-2.172-19%-2.172-19%
Operating Margin---2.810-2.200-22%-2.657-5%-2.974+6%-2.974+6%
Operating Ratio--3.8103.219+18%3.657+4%3.975-4%3.975-4%
Pb Ratio0.998-2%1.0171.237-18%2.034-50%1953.579-100%1953.579-100%
Pe Ratio-1.245+2%-1.268-2.611+106%-4.390+246%-102.513+7982%-102.513+7982%
Price Per Share1.060-2%1.0801.610-33%3.748-71%6.218-83%6.218-83%
Price To Free Cash Flow Ratio-3.518+2%-3.584-3.401-5%-4.015+12%-8.869+147%-8.869+147%
Price To Total Gains Ratio-5.777+2%-5.886-12.509+113%-23.724+303%-76.369+1197%-76.369+1197%
Quick Ratio--3.3443.902-14%6.665-50%378.882-99%378.882-99%
Return On Assets---0.145-0.098-32%-0.090-38%-126.361+87043%-126.361+87043%
Return On Equity---0.201-0.131-35%-0.116-42%-0.214+7%-0.214+7%
Total Gains Per Share---0.183-0.140-24%-0.160-13%0.066-377%0.066-377%
Usd Book Value--220053000.000262831000.000-16%367087500.000-40%246207766.250-11%246207766.250-11%
Usd Book Value Change Per Share---0.183-0.140-24%-0.160-13%0.066-377%0.066-377%
Usd Book Value Per Share--1.0621.281-17%1.837-42%1.236-14%1.236-14%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.213-0.163-24%-0.211-1%-0.153-28%-0.153-28%
Usd Free Cash Flow---15613000.000-26150750.000+67%-46854250.000+200%-35822500.000+129%-35822500.000+129%
Usd Free Cash Flow Per Share---0.075-0.128+70%-0.235+211%-0.184+144%-0.184+144%
Usd Free Cash Flow To Equity Per Share---0.075-0.127+69%-0.231+207%0.030-353%0.030-353%
Usd Market Cap192609428.480-16%223856026.920329973159.025-32%748542940.995-70%1181699456.245-81%1181699456.245-81%
Usd Price Per Share1.060-2%1.0801.610-33%3.748-71%6.218-83%6.218-83%
Usd Profit---44121000.000-33425000.000-24%-42180750.000-4%-31098562.500-30%-31098562.500-30%
Usd Revenue--16515999.00016474999.750+0%18347500.000-10%15506624.938+7%15506624.938+7%
Usd Total Gains Per Share---0.183-0.140-24%-0.160-13%0.066-377%0.066-377%
 EOD+3 -5MRQTTM+10 -24YOY+8 -265Y+12 -2210Y+12 -22

4.2. Fundamental Score

Let's check the fundamental score of Butterfly Network Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.245
Price to Book Ratio (EOD)Between0-10.998
Net Profit Margin (MRQ)Greater than0-2.671
Operating Margin (MRQ)Greater than0-2.810
Quick Ratio (MRQ)Greater than13.344
Current Ratio (MRQ)Greater than15.224
Debt to Asset Ratio (MRQ)Less than10.277
Debt to Equity Ratio (MRQ)Less than10.383
Return on Equity (MRQ)Greater than0.15-0.201
Return on Assets (MRQ)Greater than0.05-0.145
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of Butterfly Network Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.994
Ma 20Greater thanMa 501.115
Ma 50Greater thanMa 1001.069
Ma 100Greater thanMa 2001.052
OpenGreater thanClose1.010
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Gross Profit  9,556-4679,0891,83310,922-1,5409,382-21,918-12,536



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets304,274
Total Liabilities84,221
Total Stockholder Equity220,053
 As reported
Total Liabilities 84,221
Total Stockholder Equity+ 220,053
Total Assets = 304,274

Assets

Total Assets304,274
Total Current Assets231,263
Long-term Assets73,011
Total Current Assets
Cash And Cash Equivalents 134,636
Net Receivables 13,418
Inventory 75,837
Other Current Assets 7,372
Total Current Assets  (as reported)231,263
Total Current Assets  (calculated)231,263
+/-0
Long-term Assets
Property Plant Equipment 40,996
Intangible Assets 10,317
Long-term Assets Other 17,684
Long-term Assets  (as reported)73,011
Long-term Assets  (calculated)68,997
+/- 4,014

Liabilities & Shareholders' Equity

Total Current Liabilities44,271
Long-term Liabilities39,950
Total Stockholder Equity220,053
Total Current Liabilities
Short-term Debt 2,192
Accounts payable 5,090
Other Current Liabilities 21,364
Total Current Liabilities  (as reported)44,271
Total Current Liabilities  (calculated)28,646
+/- 15,625
Long-term Liabilities
Capital Lease Obligations 25,027
Long-term Liabilities Other 8,895
Long-term Liabilities  (as reported)39,950
Long-term Liabilities  (calculated)33,922
+/- 6,028
Total Stockholder Equity
Common Stock21
Retained Earnings -729,638
Other Stockholders Equity 949,670
Total Stockholder Equity (as reported)220,053
Total Stockholder Equity (calculated)220,053
+/-0
Other
Capital Stock21
Cash and Short Term Investments 134,636
Common Stock Shares Outstanding 207,274
Current Deferred Revenue15,625
Liabilities and Stockholders Equity 304,274
Net Debt -109,609
Net Invested Capital 220,053
Net Working Capital 186,992
Property Plant and Equipment Gross 59,191
Short Long Term Debt Total 25,027



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-31
> Total Assets 
0
0
57
0
147,191
647,478
631,263
580,318
571,965
535,420
496,637
443,258
417,570
381,681
364,588
334,222
304,274
304,274334,222364,588381,681417,570443,258496,637535,420571,965580,318631,263647,478147,19105700
   > Total Current Assets 
109,255
0
57
0
97,332
605,184
590,660
543,511
511,904
474,306
425,511
372,465
357,137
322,524
291,831
268,585
231,263
231,263268,585291,831322,524357,137372,465425,511474,306511,904543,511590,660605,18497,3320570109,255
       Cash And Cash Equivalents 
0
0
0
0
60,206
18,850
19,605
153,326
422,841
359,901
310,802
193,313
162,561
193,808
166,806
150,006
134,636
134,636150,006166,806193,808162,561193,313310,802359,901422,841153,32619,60518,85060,2060000
       Short-term Investments 
0
0
57
0
414,333,909
526,441
489,890
315,099
489,890
0
0
74,546
75,250
0
0
0
0
000075,25074,54600489,890315,099489,890526,441414,333,90905700
       Net Receivables 
1,980
0
0
0
5,752
5,237
7,809
9,538
11,936
13,071
12,691
11,807
14,685
13,475
17,781
13,646
13,418
13,41813,64617,78113,47514,68511,80712,69113,07111,9369,5387,8095,2375,7520001,980
       Inventory 
9,441
0
0
0
25,805
36,128
46,947
23,820
36,243
48,354
65,587
57,664
59,970
69,407
86,825
94,016
75,837
75,83794,01686,82569,40759,97057,66465,58748,35436,24323,82046,94736,12825,8050009,441
       Other Current Assets 
7,539
0
0
0
159
18,528
26,409
41,728
40,884
52,980
36,431
35,135
9,489
12,912
10,212
8,189
7,372
7,3728,18910,21212,9129,48935,13536,43152,98040,88441,72826,40918,5281590007,539
   > Long-term Assets 
0
0
0
0
49,859
42,294
40,603
36,807
60,061
61,114
71,126
70,793
60,433
59,157
72,757
65,637
73,011
73,01165,63772,75759,15760,43370,79371,12661,11460,06136,80740,60342,29449,8590000
       Property Plant Equipment 
5,325
0
0
0
6,870
7,254
7,436
9,368
38,786
46,291
51,558
53,523
52,898
51,534
49,775
42,378
40,996
40,99642,37849,77551,53452,89853,52351,55846,29138,7869,3687,4367,2546,8700005,325
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,317
10,3170000000000000000
       Long-term Assets Other 
0
0
0
0
42,989
35,040
33,167
27,439
21,275
14,823
19,568
13,256
3,521
3,609
18,968
19,245
17,684
17,68419,24518,9683,6093,52113,25619,56814,82321,27527,43933,16735,04042,9890000
> Total Liabilities 
0
0
0
0
509,122
211,315
184,911
129,057
124,274
122,756
109,948
99,621
92,210
85,534
86,883
76,803
84,221
84,22176,80386,88385,53492,21099,621109,948122,756124,274129,057184,911211,315509,1220000
   > Total Current Liabilities 
15,325
0
0
0
69,695
52,372
58,375
45,170
49,829
50,707
62,207
45,880
51,329
44,790
45,839
45,359
44,271
44,27145,35945,83944,79051,32945,88062,20750,70749,82945,17058,37552,37269,69500015,325
       Short-term Debt 
0
0
0
0
42,783
0
38,290
23,835
1,391
1,590
1,745
1,810
1,926
2,152
2,388
1,923
2,192
2,1921,9232,3882,1521,9261,8101,7451,5901,39123,83538,290042,7830000
       Accounts payable 
5,168
0
0
0
16,400
5,268
5,264
5,017
5,798
2,683
3,518
2,675
7,211
5,429
8,386
8,097
5,090
5,0908,0978,3865,4297,2112,6753,5182,6835,7985,0175,2645,26816,4000005,168
       Other Current Liabilities 
5,819
0
0
0
2,069
37,556
2,762
3,129
29,569
32,141
39,997
26,388
26,336
22,276
21,340
20,222
21,364
21,36420,22221,34022,27626,33626,38839,99732,14129,5693,1292,76237,5562,0690005,819
   > Long-term Liabilities 
0
0
0
0
439,427
158,943
126,536
83,887
74,445
72,049
47,741
53,741
40,881
40,744
41,044
31,444
39,950
39,95031,44441,04440,74440,88153,74147,74172,04974,44583,887126,536158,943439,4270000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-42,783
0
-38,290
-23,835
27,690
30,097
30,422
30,176
28,040
27,288
26,311
21,486
22,835
22,83521,48626,31127,28828,04030,17630,42230,09727,690-23,835-38,2900-42,7830000
       Warrants
0
0
0
0
0
256,253
0
0
0
0
0
0
0
0
0
0
0
00000000000256,25300000
       Long-term Liabilities Other 
0
0
0
0
2,146
2,055
2,282
83,887
850
72,049
47,741
53,741
588
40,744
41,044
1,316
8,895
8,8951,31641,04440,74458853,74147,74172,04985083,8872,2822,0552,1460000
> Total Stockholder Equity
0
0
48,910
0
-361,931
436,163
446,352
451,261
447,691
412,664
386,689
343,637
325,360
296,147
277,705
257,419
220,053
220,053257,419277,705296,147325,360343,637386,689412,664447,691451,261446,352436,163-361,931048,91000
   Common Stock
1
0
48,910
0
1
19
20
20
20
20
20
20
20
21
21
21
21
2121212120202020202020191048,91001
   Retained Earnings Total Equity00-658,149-629,478-595,938-562,235-507,493-471,692-427,215-411,999-398,438-132,20500000
   Accumulated Other Comprehensive Income 000000000-580,318-631,263-647,47800000
   Capital Surplus 
0
0
0
0
0
137,202
844,770
863,240
874,886
884,336
894,162
905,852
921,278
925,604
935,833
0
0
00935,833925,604921,278905,852894,162884,336874,886863,240844,770137,20200000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
0
-48,910
0
32,874
831,640
844,770
863,240
874,886
884,336
894,162
905,852
921,278
925,604
935,833
942,915
949,670
949,670942,915935,833925,604921,278905,852894,162884,336874,886863,240844,770831,64032,8740-48,91000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue65,900
Cost of Revenue-49,044
Gross Profit16,85616,856
 
Operating Income (+$)
Gross Profit16,856
Operating Expense-142,502
Operating Income-125,646-125,646
 
Operating Expense (+$)
Research Development55,616
Selling General Administrative49,613
Selling And Marketing Expenses39,073
Operating Expense142,502144,302
 
Net Interest Income (+$)
Interest Income7,450
Interest Expense-0
Other Finance Cost-0
Net Interest Income7,450
 
Pretax Income (+$)
Operating Income-125,646
Net Interest Income7,450
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-133,618-117,674
EBIT - interestExpense = -125,646
-133,618
-133,700
Interest Expense0
Earnings Before Interest and Taxes (EBIT)-125,646-133,618
Earnings Before Interest and Taxes (EBITDA)-116,872
 
After tax Income (+$)
Income Before Tax-133,618
Tax Provision-82
Net Income From Continuing Ops-133,700-133,700
Net Income-133,700
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses191,546
Total Other Income/Expenses Net-7,972-7,450
 

Technical Analysis of Butterfly Network Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Butterfly Network Inc. The general trend of Butterfly Network Inc is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Butterfly Network Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Butterfly Network Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 1.02 < 1.02 < 1.62.

The bearish price targets are: 0.8513 > 0.81 > 0.772.

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Butterfly Network Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Butterfly Network Inc. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Butterfly Network Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Butterfly Network Inc. The current macd is -0.01892189.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Butterfly Network Inc price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Butterfly Network Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Butterfly Network Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Butterfly Network Inc Daily Moving Average Convergence/Divergence (MACD) ChartButterfly Network Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Butterfly Network Inc. The current adx is 14.89.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Butterfly Network Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Butterfly Network Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Butterfly Network Inc. The current sar is 1.41147235.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Butterfly Network Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Butterfly Network Inc. The current rsi is 47.99. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Butterfly Network Inc Daily Relative Strength Index (RSI) ChartButterfly Network Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Butterfly Network Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Butterfly Network Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Butterfly Network Inc Daily Stochastic Oscillator ChartButterfly Network Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Butterfly Network Inc. The current cci is -72.04936435.

Butterfly Network Inc Daily Commodity Channel Index (CCI) ChartButterfly Network Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Butterfly Network Inc. The current cmo is -5.48128254.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Butterfly Network Inc Daily Chande Momentum Oscillator (CMO) ChartButterfly Network Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Butterfly Network Inc. The current willr is -82.35294118.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Butterfly Network Inc Daily Williams %R ChartButterfly Network Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Butterfly Network Inc.

Butterfly Network Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Butterfly Network Inc. The current atr is 0.10339642.

Butterfly Network Inc Daily Average True Range (ATR) ChartButterfly Network Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Butterfly Network Inc. The current obv is -5,676,074.

Butterfly Network Inc Daily On-Balance Volume (OBV) ChartButterfly Network Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Butterfly Network Inc. The current mfi is 39.57.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Butterfly Network Inc Daily Money Flow Index (MFI) ChartButterfly Network Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Butterfly Network Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Butterfly Network Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Butterfly Network Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.994
Ma 20Greater thanMa 501.115
Ma 50Greater thanMa 1001.069
Ma 100Greater thanMa 2001.052
OpenGreater thanClose1.010
Total2/5 (40.0%)
Penke

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