Shares of Hyperfine, Inc. (NASDAQ:HYPR - Get Free Report) were up 1.7% on Monday . The company traded as high as $1.21 and last traded at $1.19. Approximately 211,003 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 355,498 shares. The stock had previously closed at $1.17.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HYPR. Wells Fargo & Company lifted their price objective on Hyperfine from $0.68 to $0.85 and gave the stock an "equal weight" rating in a research report on Friday, August 15th. Lake Street Capital lifted their price objective on Hyperfine from $1.50 to $2.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, B. Riley reiterated a "buy" rating on shares of Hyperfine in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Hyperfine presently has a consensus rating of "Moderate Buy" and an average price target of $1.28.
Read Our Latest Research Report on Hyperfine
Hyperfine Stock Performance
The company has a market cap of $111.58 million, a PE ratio of -2.73 and a beta of 1.07. The firm has a fifty day simple moving average of $1.13 and a 200 day simple moving average of $0.88.
Hyperfine (NASDAQ:HYPR - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.12). The business had revenue of $2.70 million during the quarter, compared to analysts' expectations of $3.00 million. Hyperfine had a negative return on equity of 84.82% and a negative net margin of 364.54%. Hyperfine has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Hyperfine, Inc. will post -0.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. EP Wealth Advisors LLC acquired a new stake in Hyperfine during the 1st quarter worth about $25,000. AMH Equity Ltd bought a new position in shares of Hyperfine in the 1st quarter valued at approximately $90,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Hyperfine by 64.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 82,008 shares of the company's stock valued at $72,000 after acquiring an additional 32,093 shares in the last quarter. 15.03% of the stock is owned by institutional investors and hedge funds.
Hyperfine Company Profile
(
Get Free Report)
Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.
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