Hyperfine, Inc. (NASDAQ:HYPR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Hyperfine, Inc. (NASDAQ:HYPR) by 18.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,520 shares of the company’s stock after purchasing an additional 98,335 shares during the quarter. Geode Capital Management LLC owned about 0.86% of Hyperfine worth $675,000 as of its most recent SEC filing.

Hyperfine Price Performance

Hyperfine stock opened at $0.94 on Friday. The stock has a market capitalization of $68.52 million, a price-to-earnings ratio of -1.65 and a beta of 0.88. Hyperfine, Inc. has a 1-year low of $0.76 and a 1-year high of $1.39. The business has a fifty day moving average price of $0.95 and a 200-day moving average price of $1.01.

Hyperfine (NASDAQ:HYPR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.14) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.14). The firm had revenue of $3.64 million during the quarter, compared to analysts’ expectations of $3.40 million. Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%. During the same quarter last year, the firm earned ($0.15) EPS. On average, equities research analysts anticipate that Hyperfine, Inc. will post -0.57 earnings per share for the current fiscal year.

Hyperfine Profile

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.