BFLY vs. NNOX, CHEK, GEHC, PHG, HOLX, SRRK, IRON, PRME, CNTA, and CDNA
Should you be buying Butterfly Network stock or one of its competitors? The main competitors of Butterfly Network include Nano-X Imaging (NNOX), Check-Cap (CHEK), GE HealthCare Technologies (GEHC), Koninklijke Philips (PHG), Hologic (HOLX), Scholar Rock (SRRK), Disc Medicine (IRON), Prime Medicine (PRME), Centessa Pharmaceuticals (CNTA), and CareDx (CDNA).
Butterfly Network (NYSE:BFLY) and Nano-X Imaging (NASDAQ:NNOX) are both small-cap medical companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, risk, community ranking, analyst recommendations, valuation, institutional ownership, media sentiment, dividends and profitability.
Butterfly Network has a net margin of -179.09% compared to Nano-X Imaging's net margin of -613.59%. Nano-X Imaging's return on equity of -30.47% beat Butterfly Network's return on equity.
In the previous week, Nano-X Imaging had 5 more articles in the media than Butterfly Network. MarketBeat recorded 8 mentions for Nano-X Imaging and 3 mentions for Butterfly Network. Nano-X Imaging's average media sentiment score of 0.59 beat Butterfly Network's score of -0.25 indicating that Nano-X Imaging is being referred to more favorably in the news media.
Nano-X Imaging has lower revenue, but higher earnings than Butterfly Network. Nano-X Imaging is trading at a lower price-to-earnings ratio than Butterfly Network, indicating that it is currently the more affordable of the two stocks.
Butterfly Network has a beta of 2.1, meaning that its stock price is 110% more volatile than the S&P 500. Comparatively, Nano-X Imaging has a beta of 2.15, meaning that its stock price is 115% more volatile than the S&P 500.
Nano-X Imaging received 20 more outperform votes than Butterfly Network when rated by MarketBeat users. Likewise, 67.57% of users gave Nano-X Imaging an outperform vote while only 62.50% of users gave Butterfly Network an outperform vote.
37.9% of Butterfly Network shares are held by institutional investors. Comparatively, 21.5% of Nano-X Imaging shares are held by institutional investors. 27.3% of Butterfly Network shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Nano-X Imaging has a consensus price target of $16.25, suggesting a potential upside of 103.63%. Given Nano-X Imaging's higher possible upside, analysts clearly believe Nano-X Imaging is more favorable than Butterfly Network.
Summary
Nano-X Imaging beats Butterfly Network on 11 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BFLY and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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