Is Butterfly Network Inc (BFLY) a Stock to Watch After Gaining 33.33% This Week?

Overall market sentiment has been high on Butterfly Network Inc (BFLY) stock lately. BFLY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Butterfly Network Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BFLY!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With BFLY Stock Today?

Butterfly Network Inc (BFLY) stock has fallen -3.57% while the S&P 500 has gained 0.05% as of 2:42 PM on Monday, Nov 6. BFLY has fallen -$0.04 from the previous closing price of $1.12 on volume of 1,252,292 shares. Over the past year the S&P 500 is higher by 14.55% while BFLY has fallen -71.28%. BFLY lost -$0.87 per share in the over the last 12 months.

More About Butterfly Network Inc

Butterfly Network Inc is an innovative digital health company. It is working towards democratizing medical imaging by making it accessible to everyone around the world and contribute to the aspiration of global health equity. The company has developed a groundbreaking single-probe, whole-body point-of-care ultrasound solution leveraging technology. Click Here to get the full Stock Report for Butterfly Network Inc stock.