Hyperfine (NASDAQ:HYPR) Trading Up 12.7% – What’s Next?

Hyperfine, Inc. (NASDAQ:HYPR) was up 12.7% on Monday . The stock traded as high as $1.27 and last traded at $1.24. Approximately 420,808 shares changed hands during mid-day trading, an increase of 204% from the average daily volume of 138,523 shares. The stock had previously closed at $1.10.

Hyperfine Trading Up 12.7 %

The firm has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.00. The firm has a market cap of $90.46 million, a PE ratio of -2.18 and a beta of 0.92.

Hyperfine (NASDAQ:HYPR) last released its earnings results on Tuesday, November 12th. The company reported ($0.14) EPS for the quarter, meeting analysts’ consensus estimates of ($0.14). The company 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 business posted ($0.15) EPS. Equities analysts expect that Hyperfine, Inc. will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hyperfine stock. Graypoint LLC bought a new stake in Hyperfine, Inc. (NASDAQ:HYPR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $44,000. Graypoint LLC owned 0.07% of Hyperfine as of its most recent SEC filing. 15.03% of the stock is currently owned by institutional investors.

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.