Hyperfine (NASDAQ:HYPR) Stock Price Up 1.7% - What's Next?

Hyperfine, Inc. (NASDAQ:HYPR - Get Free Report) shares shot up 1.7% during trading on Monday . The stock traded as high as $1.21 and last traded at $1.19. 211,003 shares were traded during mid-day trading, a decline of 41% from the average session volume of 355,498 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Several research firms have recently commented on HYPR. B. Riley reissued a "buy" rating on shares of Hyperfine in a report on Tuesday, June 3rd. Wells Fargo & Company raised their price target on Hyperfine from $0.68 to $0.85 and gave the company an "equal weight" rating in a report on Friday, August 15th. Finally, Lake Street Capital raised their price target on Hyperfine from $1.50 to $2.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Hyperfine currently has a consensus rating of "Moderate Buy" and a consensus price target of $1.28.

Hyperfine Stock Up 1.7%

The firm has a fifty day moving average of $1.08 and a 200-day moving average of $0.87. The stock has a market capitalization of $93.51 million, a price-to-earnings ratio of -2.29 and a beta of 1.07.

Hyperfine (NASDAQ:HYPR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The firm 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, research analysts forecast that Hyperfine, Inc. will post -0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Hyperfine

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AMH Equity Ltd acquired a new position in Hyperfine during the first quarter worth $90,000. Wealth Enhancement Advisory Services LLC raised its holdings in Hyperfine by 64.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 82,008 shares of the company's stock worth $72,000 after purchasing an additional 32,093 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Hyperfine during the first quarter worth $25,000. 15.03% of the stock is owned by institutional investors and hedge funds.

About Hyperfine

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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