How to Buy Butterfly Network Stock
Butterfly Network Inc
Butterfly Network, Inc. , a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.
Butterfly Network stock last closed at $0.79, up 1.42% from the previous day, and has decreased 61.8% in one year. It has underperformed other stocks in the Medical Devices industry by 0.47 percentage points. Butterfly Network stock is currently +16.77% from its 52-week low of $0.67, and -70.96% from its 52-week high of $2.71.
At the moment, there are 210.71M shares of BFLY outstanding. The market value of BFLY is $165.83M. In the past 24 hours, 1.23M BFLY shares were traded.
How to Buy Butterfly Network Stock
Not sure how to invest in Butterfly Network stock? Here's how.
- Figure out where to buy Butterfly Network stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Butterfly Network stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your details.
- Research Butterfly Network stock: The Butterfly Network ticker symbol is BFLY. Is Butterfly Network stock a good investment? Should you buy shares of BFLY? How do BFLY's underlying business fundamentals look? Do top analysts think Butterfly Network is a good buy? Why has BFLY's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if BFLY is a good stock to buy).
- Execute your BFLY purchase: Decide if you will purchase BFLY shares at the current market price or use a limit order to purchase BFLY stock at a particular price.
- Get updates on your BFLY position: Create a watchlist to get the latest news on your investment in Butterfly Network stock.
Step 1: Figure out where to buy Butterfly Network stock
You will need an online brokerage account in order to access the NYSE market and buy BFLY shares.
Our favorite brokerage: eToro
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to buy BFLY stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on the best stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring money into your new investment account.
Step 4: Research Butterfly Network stock
Once you have decided on the best place to buy Butterfly Network stock, it's very important to research their stock before you invest, so you can wrap your head around the risk and opportunity.
Butterfly Network stock quick numbers
Fundamentals of Butterfly Network
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on BFLY's stock page.
Is BFLY stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge BFLY's fair value.
Using relative valuations metrics:
- BFLY may be undervalued based on its P/B ratio of 0.81x, relative to Medical Devices industry P/B ratio of 3.68x
You can access more valuation analysis on BFLY's stock here.
Is BFLY a healthy company?
Positive Health Checks:
- BFLY has $112.65M in cash and short term investments. This is sufficient to cover its annual cash burn of $81.81M.
- There are more short-term assets than short-term liabilities on the BFLY balance sheet.
- There are more short-term assets than long-term liabilities on the BFLY balance sheet.
- BFLY has a low debt to equity ratio of 0.39.
- BFLY has cash burn of 81814000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- BFLY profit margin has gone up by 0.36 percentage points in the past year, but the company is still unprofitable.
You can dive deeper into what analysts are forecasting on the Butterfly Network stock forecast page.
BFLY Trading Indicators
BFLY Growth Numbers
Last year, BFLY revenue was $68.08M. Over the past three year, BFLY's revenue has increased by 71.2% per year. This was faster than the Medical Devices industry average of 13.03%.
Dive into BFLY's earnings and revenue performance here.
What are BFLY executives and large shareholders up to?
In the last year, executives and large shareholders at BFLY have sold more shares than they have bought.
Andrei G. Stoica, Chief Technology Officer of BFLY, was the latest BFLY insider to sell. They sold $1,781.56 worth of BFLY shares on Apr 2, 2024.
Learn more about who owns BFLY stock here.
Does BFLY stock generate passive income?
No, Butterfly Network doesn't provide an income stream by paying out dividends.
BFLY Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your BFLY purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and eToro will place your order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your BFLY position
Now that you own some BFLY shares, you'll want to keep up with your new stock purchase.
Add BFLY to a watchlist to get notified of the latest news about your BFLY stock.
BFLY Feed
How to Buy Stock in Butterfly Network
To reiterate, here are the 6 steps for buying Butterfly Network stock:
- Figure out where to buy Butterfly Network stock
- Create a brokerage account
- Fund your brokerage account
- Research Butterfly Network stock
- Execute your BFLY purchase
- Get updates on your BFLY position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Butterfly Network, add BFLY to your watchlist below.
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