{"ticker": {"uuid": "145646cb-9342-43c8-9299-1df11a728e19", "symbol": "BTN", "name": "Butn Limited", "exchange": "ASX", "asset_type": "equity"}, "latest_week": "2026-07-24", "summary": "BTN closed the latest completed week at 0.02 AUD. The 4-week return is 13.3% and the 12-week return is -37.0%. The trend backdrop is inactive, with activity pressure at 0.21.", "description": "Butn Limited provides transactional funding to small and medium enterprises in Australia. The company provides Butn X, a solution that helps customers to get paid as soon as the goods and services are delivered with advanced payments; Butn Terms, a solution that enables organizations to outsource their accounts receivables; and Butn Pay, a solution to purchase goods and services instantly and choose the repayment terms. It also offers factoring, supply chain finance and commission advancement across a wide range of industries. 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{"week": "24 Jul", "return": 13.333333333333346, "return_label": "13.3%", "return_tone": "positive", "volume_height": 7.0889435781738355, "volume": "1.1M"}], "insights": [{"label": "Participation", "value": "0.4x", "detail": "Latest volume versus the 13-week average.", "tone": "neutral"}, {"label": "Baseline", "value": "2.5M", "detail": "13-week average volume.", "tone": "neutral"}, {"label": "One-year base", "value": "1.1M", "detail": "52-week average volume.", "tone": "neutral"}]}, "risk": {"volatility_13": "20.9%", "volatility_52": "14.4%", "downside_weeks": 26, "upside_weeks": 15, "downside_breadth": "50.0%", "average_gain": "12.6%", "average_loss": "-11.6%", "distribution_scale": "55%", "return_callouts": [{"label": "Weeks higher", "value": "8 of 26", "detail": "12 weeks finished lower.", "tone": "negative"}, {"label": "Best week", "value": "+54.5%", "detail": "Week of 12 Jun.", "tone": "positive"}, {"label": "Worst week", "value": "-37.5%", "detail": "Week of 10 Apr.", "tone": "negative"}, {"label": "Latest week", "value": "+13.3%", "detail": "Week of 24 Jul.", "tone": "positive"}], "buckets": [{"label": "Strong gains", "count": 8, "share": 30.76923076923077, "share_label": "30.8%", "tone": "positive"}, {"label": "Modest gains", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "positive"}, {"label": "Flat weeks", "count": 6, "share": 23.076923076923077, "share_label": "23.1%", "tone": "neutral"}, {"label": "Modest losses", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "negative"}, {"label": "Sharp losses", "count": 12, "share": 46.15384615384615, "share_label": "46.2%", "tone": "negative"}], "insights": [{"label": "Recent vol", "value": "20.9%", "detail": "13-week weekly-return volatility.", "tone": "negative"}, {"label": "Base vol", "value": "14.4%", "detail": "52-week weekly-return volatility.", "tone": "neutral"}, {"label": "Up/down split", "value": "15/26", "detail": "Count of positive and negative weeks in the 52-week window.", "tone": "negative"}, {"label": "Average skew", "value": "12.6% / -11.6%", "detail": "Average positive week versus average negative week.", "tone": "neutral"}]}, "signals": [{"label": "Trend backdrop", "value": "Inactive", "tone": "negative"}, {"label": "Activity pressure", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-52.2%", "tone": "negative"}, {"label": "Volume", "value": "0.4x", "tone": "neutral"}], "opportunities": ["Activity pressure is positive on the latest completed week."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Next-week expectancy is negative at 34.06% based on similar historical setup states.", "Activity pressure is weak, so confirmation is not yet broad enough."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-07-24", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.04 AUD", "fair_value": "0.08 AUD", "activity_pressure": "0.21", "relative_leadership": "-71.38", "volume": "1.1M", "trend_backdrop": null}, {"week": "2026-07-17", "close": "0.01 AUD", "return": null, "return_tone": null, "trend_line": "0.04 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.07", "relative_leadership": "-75.44", "volume": "1.2M", "trend_backdrop": null}, {"week": "2026-07-10", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.04 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.32", "relative_leadership": "-71.42", "volume": "224.6K", "trend_backdrop": null}, {"week": "2026-07-03", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.04 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.49", "relative_leadership": "-73.80", "volume": "1.6M", "trend_backdrop": null}, {"week": "2026-06-26", "close": "0.01 AUD", "return": null, "return_tone": null, "trend_line": "0.04 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.69", "relative_leadership": "-77.35", "volume": "1.3M", "trend_backdrop": null}, {"week": "2026-06-19", "close": "0.01 AUD", "return": null, "return_tone": null, "trend_line": "0.05 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.80", "relative_leadership": "-78.14", "volume": "1.0M", "trend_backdrop": null}, {"week": "2026-06-12", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.05 AUD", "fair_value": "0.08 AUD", "activity_pressure": "-0.85", "relative_leadership": "-75.83", "volume": "1.3M", "trend_backdrop": null}, {"week": "2026-06-05", "close": "0.01 AUD", "return": null, "return_tone": null, "trend_line": "0.05 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-0.87", "relative_leadership": "-84.42", "volume": "15.8M", "trend_backdrop": null}, {"week": "2026-05-29", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.05 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-0.79", "relative_leadership": "-76.82", "volume": "3.2M", "trend_backdrop": null}, {"week": "2026-05-22", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.06 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-0.77", "relative_leadership": "-71.80", "volume": "2.7M", "trend_backdrop": null}, {"week": "2026-05-15", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.06 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-0.82", "relative_leadership": "-69.70", "volume": "554.9K", "trend_backdrop": null}, {"week": "2026-05-08", "close": "0.02 AUD", "return": null, "return_tone": null, "trend_line": "0.06 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-0.96", "relative_leadership": "-70.77", "volume": "2.6M", "trend_backdrop": null}, {"week": "2026-05-01", "close": "0.03 AUD", "return": null, "return_tone": null, "trend_line": "0.06 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-1.12", "relative_leadership": "-66.65", "volume": "115.4K", "trend_backdrop": null}, {"week": "2026-04-24", "close": "0.03 AUD", "return": null, "return_tone": null, "trend_line": "0.07 AUD", "fair_value": "0.09 AUD", "activity_pressure": "-1.22", "relative_leadership": "-65.37", "volume": "1.7M", "trend_backdrop": null}], "intelligence": {"rating": "Caution", "rating_tone": "negative", "overall_score": "35", "primary_driver": {"label": "Factors", "score": 65.18840579710145, "score_label": "65", "tone": "positive", "summary": "O'Shaughnessy factor stack blends value, quality, momentum, and confidence.", "detail": "Buyback Yield rank 50", "metric": "65/100", "url": "/factors/ticker/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.2}, "primary_conflict": {"label": "Indicator analysis", "score": 10.444444444444443, "score_label": "10", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.", "detail": "Activity pressure 0.02; No reversal markers", "metric": "10/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.45}, "options_tone": "neutral", "options": null, "evidence": [{"label": "Weekly tape", "score": 19.197765276398968, "score_label": "19", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 19/100 tape read.", "detail": "", "metric": "19/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.6}, {"label": "Indicator analysis", "score": 10.444444444444443, "score_label": "10", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.", "detail": "Activity pressure 0.02; No reversal markers", "metric": "10/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.45}, {"label": "Next-Week Expectancy", "score": 32.96895, "score_label": "33", "tone": "negative", "summary": "Next-week expectancy is negative with a 34.06% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 34.06%", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.05}, {"label": "Factors", "score": 65.18840579710145, "score_label": "65", "tone": "positive", "summary": "O'Shaughnessy factor stack blends value, quality, momentum, and confidence.", "detail": "Buyback Yield rank 50", "metric": "65/100", "url": "/factors/ticker/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.2}, {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, {"label": "Sentiment", "score": 52.0, "score_label": "52", "tone": "neutral", "summary": "Weighted news tone is neutral across 6 relevant articles.", "detail": "Butn Limited Revenue Breakdown \u2013 ASX:BTN", "metric": "52/100", "url": "/sentiment/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 0.95}, {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}], "positives": [{"label": "Factors", "score": 65.18840579710145, "score_label": "65", "tone": "positive", "summary": "O'Shaughnessy factor stack blends value, quality, momentum, and confidence.", "detail": "Buyback Yield rank 50", "metric": "65/100", "url": "/factors/ticker/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.2}], "negatives": [{"label": "Indicator analysis", "score": 10.444444444444443, "score_label": "10", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.", "detail": "Activity pressure 0.02; No reversal markers", "metric": "10/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.45}, {"label": "Weekly tape", "score": 19.197765276398968, "score_label": "19", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 19/100 tape read.", "detail": "", "metric": "19/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.6}, {"label": "Next-Week Expectancy", "score": 32.96895, "score_label": "33", "tone": "negative", "summary": "Next-week expectancy is negative with a 34.06% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 34.06%", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.05}], "conclusion": ["The strongest supporting evidence is factors: O'Shaughnessy factor stack blends value, quality, momentum, and confidence.", "The main constraint is indicator analysis: Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.", "The combined read is defensive, so risk control and evidence of stabilization matter more than headline upside."], "weekly_changes": [{"label": "Price follow-through", "value": "13.3%", "detail": "Latest completed week; four-week move 13.3%.", "tone": "positive", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Indicator stack", "value": "0/64", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Negative 34.06%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "negative", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "News sentiment", "value": "52/100", "detail": "6 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/145646cb-9342-43c8-9299-1df11a728e19/"}]}, "investor_view": {"stance": "Mixed setup", "stance_tone": "neutral", "setup_score": "23", "bottom_line": "The weekly trend is not active. Price is -52.2% below the Trend Line and sits at 7.9% of its 52-week range. The latest completed week returned 13.3%, after a 13.3% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. The latest news-sentiment score is 52/100. Near-term considerations: volume confirmation is below normal.", "price_summary": "The weekly trend is not active. Price is -52.2% below the Trend Line and sits at 7.9% of its 52-week range. The latest completed week returned 13.3%, after a 13.3% four-week move.", "volume_summary": "Latest weekly volume is 0.4x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.", "momentum_summary": "Performance is 13.3% over four weeks, -37.0% over 12 weeks, and -81.9% over one year. The current trend has remained active for 0 consecutive weeks.", "fundamentals": {"available": true, "summary": "The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.", "week_end": "2026-07-26", "financials_period_end": "2025-06-30", "coverage": "70%", "confidence": "37%", "url": "", "rank_scores": [{"label": "Overall factor strength", "value": "70/100", "width": 70.0, "tone": "neutral", "detail": "Blend of value, momentum, and quality. Underlying universe rank 31; rank 1 is best."}, {"label": "Value", "value": "65/100", "width": 65.0, "tone": "neutral", "detail": "Relative valuation strength. Underlying universe rank 36; rank 1 is best."}, {"label": "Quality", "value": "64/100", "width": 64.0, "tone": "neutral", "detail": "Profitability and accounting quality. Underlying universe rank 37; rank 1 is best."}, {"label": "Momentum", "value": "65/100", "width": 65.0, "tone": "neutral", "detail": "Medium-term price momentum. Underlying universe rank 36; rank 1 is best."}, {"label": "Growth", "value": "65/100", "width": 65.0, "tone": "neutral", "detail": "Revenue and earnings growth. Underlying universe rank 36; rank 1 is best."}], "groups": [{"title": "Valuation", "summary": "How much investors are paying for earnings, sales, and cash flow.", "metrics": [{"label": "P/E", "value": "-", "detail": "Price divided by trailing earnings.", "tone": "neutral"}, {"label": "Price / sales", "value": "0.4x", "detail": "Market value relative to trailing revenue.", "tone": "neutral"}, {"label": "EV / EBITDA", "value": "14.0x", "detail": "Enterprise value relative to operating cash earnings.", "tone": "neutral"}, {"label": "Free-cash-flow yield", "value": "1.2%", "detail": "Free cash flow as a share of enterprise value.", "tone": "neutral"}]}, {"title": "Business quality", "summary": "Margins and the return generated on invested capital.", "metrics": [{"label": "Gross margin", "value": "100.0%", "detail": "Gross profit retained from each unit of revenue.", "tone": "neutral"}, {"label": "Operating margin", "value": "35.7%", "detail": "Operating profit retained from revenue.", "tone": "neutral"}, {"label": "Free-cash-flow margin", "value": "6.6%", "detail": "Free cash flow generated from revenue.", "tone": "neutral"}, {"label": "Return on invested capital", "value": "4.5%", "detail": "Operating return generated on invested capital.", "tone": "neutral"}]}, {"title": "Growth and financial strength", "summary": "Recent business growth and accounting strength.", "metrics": [{"label": "Revenue growth", "value": "8.3%", "detail": "Latest one-year revenue growth.", "tone": "neutral"}, {"label": "EPS growth", "value": "-", "detail": "Latest one-year earnings-per-share growth.", "tone": "neutral"}, {"label": "Free-cash-flow growth", "value": "-", "detail": "Latest one-year free-cash-flow growth.", "tone": "neutral"}, {"label": "Piotroski F-score", "value": "1/9", "detail": "Nine-point accounting-strength checklist.", "tone": "neutral"}]}, {"title": "Shareholder return and balance sheet", "summary": "Cash returned to owners and financial leverage.", "metrics": [{"label": "Dividend yield", "value": "-", "detail": "Cash dividends relative to market value.", "tone": "neutral"}, {"label": "Buyback yield", "value": "-", "detail": "Net share repurchases relative to market value.", "tone": "neutral"}, {"label": "Shareholder yield", "value": "-", "detail": "Dividend yield plus net buyback yield.", "tone": "neutral"}, {"label": "Net debt / EBITDA", "value": "12.9x", "detail": "Balance-sheet debt relative to operating cash earnings.", "tone": "neutral"}]}]}, "weekly_change": [{"label": "Price follow-through", "value": "13.3%", "detail": "Latest completed week; four-week move 13.3%.", "tone": "positive", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Indicator stack", "value": "0/64", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Negative 34.06%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "negative", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/"}, {"label": "News sentiment", "value": "52/100", "detail": "6 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/145646cb-9342-43c8-9299-1df11a728e19/"}], "strengths": ["Activity pressure is positive on the latest completed week."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Next-week expectancy is negative at 34.06% based on similar historical setup states."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "evidence": {"weekly_tape": {"label": "Weekly tape", "score": 19.197765276398968, "score_label": "19", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 19/100 tape read.", "detail": "", "metric": "19/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.6}, "indicator_analysis": {"label": "Indicator analysis", "score": 10.444444444444443, "score_label": "10", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.", "detail": "Activity pressure 0.02; No reversal markers", "metric": "10/100", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.45}, "next-week_expectancy": {"label": "Next-Week Expectancy", "score": 32.96895, "score_label": "33", "tone": "negative", "summary": "Next-week expectancy is negative with a 34.06% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 34.06%", "url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.05}, "factors": {"label": "Factors", "score": 65.18840579710145, "score_label": "65", "tone": "positive", "summary": "O'Shaughnessy factor stack blends value, quality, momentum, and confidence.", "detail": "Buyback Yield rank 50", "metric": "65/100", "url": "/factors/ticker/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 1.2}, "patient_capital": {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, "sentiment": {"label": "Sentiment", "score": 52.0, "score_label": "52", "tone": "neutral", "summary": "Weighted news tone is neutral across 6 relevant articles.", "detail": "Butn Limited Revenue Breakdown \u2013 ASX:BTN", "metric": "52/100", "url": "/sentiment/145646cb-9342-43c8-9299-1df11a728e19/", "available": true, "weight": 0.95}, "insiders": {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, "earnings": {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}}, "section_nav": [{"id": "overview", "label": "Overview"}, {"id": "price-action", "label": "Price"}, {"id": "volume-demand", "label": "Volume"}, {"id": "momentum", "label": "Momentum"}, {"id": "fundamentals", "label": "Fundamentals"}, {"id": "ownership-flow", "label": "Ownership & Flow"}, {"id": "catalysts-risk", "label": "Catalysts & Risk"}, {"id": "peer-context", "label": "Peer Context"}, {"id": "weekly-data", "label": "Weekly Data"}]}, "chart_url": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/", "api_path": "/terminal/145646cb-9342-43c8-9299-1df11a728e19/report/api/"}