TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Should you buy or sell Butterfly Network shares after smashing earnings estimates?

by souhaib
November 15, 2021
in Economie
0
Should you buy or sell Butterfly Network shares after smashing earnings estimates?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

On Monday, Butterfly Network Inc. (NYSE:BFLY) shares declined by more than 15% after announcing its most recent quarterly results. The company reported its fiscal third-quarter results before markets opened, beating analyst expectations on earnings. However, revenue for the quarter fell short of estimates despite posting a massive growth.

Butterfly Network posted fiscal third-quarter GAAP earnings per share of -$0.07, beating the consensus for analyst expectations of -$0.25. On the other hand, revenue for the quarter increased by 44.3% from the same quarter a year ago to $14.62 million, missing the average Street forecast by $4.88 million.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The company now expects a full-year 2021 revenue in the range of $60 million to $62 million, reflecting annual growth of 30% to 34%. However, it still expects an adjusted EBITDA loss in the range of $125 million to $135 million for the year.

Is it still risky to buy BFLY shares?

From an investment perspective, Butterfly Network shares trade at a steep price-sales ratio of 51.79, making the stock less attractive to value investors. 

In addition, analysts expect its bottom line to deteriorate by more than 30% next year, thereby putting off potential growth investors.

Therefore, although Butterfly Network shares are down by more than 30% this year, the recent earnings beat does not signal a significant recovery. As a result, it could be still too risky to buy the stock.

Should you buy or sell Butterfly Network shares after smashing earnings estimates?
Source – TradingView

Technically, Butterfly Network shares seem to have recently plummeted to complete a downward breakout from a descending channel formation. As a result, the stock has fallen to the oversold conditions of the 14-day RSI.

However, given the company’s steep valuation and the forecast earnings decline, investors could target extended pullbacks at about $6.00 or lower at $4.81, while $8.59 and $9.88 ate crucial resistance levels.

It may not be time to buy the BFLY stock

In summary, although Butterfly Network shares are down more than 60% this year, the healthcare equipment company’s stock still seems significantly overvalued.

Therefore, it may be best to monitor performances over the coming quarters before buying the stock.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Skilling, simple, easy to use and regulated. Register here >



Source link

Share30Tweet19Share
Previous Post

SAMSUNG Galaxy Z Fold 3 5G Factory Unlocked Android Cell Phone US Version Smartphone Tablet 2-in-1 Foldable Dual Screen Under Display Camera 256GB Storage, Phantom Black (Renewed) Discount

Next Post

Joe Biden relishes fleeting lightning as he endorses sweeping infrastructure plan

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
Joe Biden relishes fleeting lightning as he endorses sweeping infrastructure plan

Joe Biden relishes fleeting lightning as he endorses sweeping infrastructure plan

No Result
View All Result

Recent Posts

  • NBA: Chris Paul ‘to become a free agent as the Phoenix Suns waive future Hall of Famer’
  • Pedro Pascal recounts his family’s tough immigration story
  • Watch: Kilauea Volcano Erupts on Hawaii’s Big Island
  • GameStop Just Fired Its CEO and Canceled Its Earnings Call.
  • Bank of America Travel Rewards Credit Card for Students Review 2023

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide