Soaring High: Butterfly Network's Breakthrough in Health Technology
Unveiling the Surge: Butterfly Network's After-Hours Performance
On Thursday, shares of Butterfly Network Inc. experienced a remarkable uptick, leaping by 14.81% to reach a trading price of $2.17 in post-market activities. This notable rise followed the company's prestigious acknowledgment in TIME's premier compilation of the World's Top HealthTech Companies for 2025. During regular trading hours, the stock had already demonstrated robust growth, closing with an impressive 15.95% gain at $1.89.
Prestigious Acclaim: TIME Magazine Validates Strategic Innovation
Butterfly Network's recognition by TIME and Statista Inc. among the top 400 global HealthTech firms underscores its strategic prowess and commitment to advancement. The selection process rigorously evaluated thousands of companies based on their financial health, brand reputation, and digital engagement. This honor confirms the effectiveness of Butterfly Network's continuous efforts in pushing the boundaries of healthcare technology.
Revolutionizing Diagnostics: The Impact of the iQ3 Device
Joseph DeVivo, the chief executive and chairman of Butterfly Network, expressed immense pride in the company's inclusion on TIME's esteemed list. He highlighted that this accolade is a testament to their unwavering dedication to both hardware and software innovation, particularly in making advanced ultrasound technology more accessible. Further cementing its pioneering status, the Butterfly Network iQ3 device was also awarded Best Medical Technology at the 2024 Prix Galien USA Awards.
Navigating the Market: A Look at Recent Stock Trends
Despite experiencing a 39.42% decline year-to-date in 2025, Butterfly Network's stock has shown strong recovery, posting a 36.96% gain over the past month. The share price reached a high of $4.82 in February 2025 before settling at $1.89 yesterday, indicating a 60.7% decrease from its peak. Trading within a 52-week range of $1.66 to $13.56, the digital healthcare provider currently holds a market capitalization of $475.79 million, with an average daily trading volume of 2.91 million shares. Current market indicators suggest a negative price trend across various timeframes.