Hyperfine, Inc. (NASDAQ:HYPR - Get Free Report) shares dropped 2.8% during mid-day trading on Monday . The stock traded as low as $0.75 and last traded at $0.77. Approximately 630,203 shares changed hands during trading, a decline of 29% from the average daily volume of 883,067 shares. The stock had previously closed at $0.80.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Lake Street Capital started coverage on Hyperfine in a report on Monday, March 24th. They set a "buy" rating and a $1.50 target price for the company. Wells Fargo & Company decreased their target price on shares of Hyperfine from $1.29 to $0.68 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Finally, B. Riley restated a "buy" rating on shares of Hyperfine in a research report on Tuesday, June 3rd.
Check Out Our Latest Stock Analysis on HYPR
Hyperfine Stock Performance
The stock's 50-day moving average is $0.69 and its two-hundred day moving average is $0.89. The stock has a market cap of $56.19 million, a PE ratio of -1.27 and a beta of 0.95.
Hyperfine (NASDAQ:HYPR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%. The firm had revenue of $2.14 million for the quarter, compared to analyst estimates of $2.82 million. Analysts forecast that Hyperfine, Inc. will post -0.57 EPS for the current year.
Institutional Trading of Hyperfine
A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Hyperfine during the 4th quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 in the last quarter. EP Wealth Advisors LLC acquired a new stake in Hyperfine in the first quarter valued at $25,000. Renaissance Technologies LLC lifted its holdings in Hyperfine by 32.9% during the 4th quarter. Renaissance Technologies LLC now owns 212,300 shares of the company's stock worth $187,000 after buying an additional 52,500 shares during the last quarter. Finally, AMH Equity Ltd purchased a new stake in Hyperfine during the 1st quarter worth about $90,000. 15.03% of the stock is currently owned by hedge funds and other institutional investors.
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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