Bullish indicating open at $55-$60, IPO prices at $37
Joseph Patrick Daly, a director and major shareholder of Butler National Corp (OTC:BUKS), has recently acquired additional shares of the company's common stock. According to a recent filing, Daly purchased a total of 7,500 shares over two days, with the transactions taking place on April 8 and April 9, 2025. The shares were bought at prices ranging from $1.43 to $1.45, amounting to a total investment of $10,799. The timing appears strategic, as InvestingPro analysis indicates the stock is currently undervalued, with the company maintaining a strong "GREAT" financial health rating and an attractive P/E ratio of 8.3x.
Following these transactions, Daly's direct ownership in Butler National Corp increased to 4,355,386 shares. Additionally, he holds an indirect ownership of 4,330,000 shares through EssigPR, Inc. This move underscores Daly's continued confidence in the company's prospects, which appears well-founded given Butler National's impressive 83% return over the past year and solid financials, including a 44% gross margin and 24% return on equity. Discover more insider trading patterns and detailed financial metrics with InvestingPro, your comprehensive source for investment research.
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