Hyperfine, Inc. (NASDAQ:HYPR) Stock Has Consensus Price Target of $2.03

Shares of Hyperfine, Inc. (NASDAQ:HYPR) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.03.

A number of equities research analysts have recently commented on HYPR shares. BTIG Research reaffirmed a “buy” rating and issued a $2.00 target price on shares of Hyperfine in a report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hyperfine in a report on Friday, July 17th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $1.60 price objective (down from $2.00) on shares of Hyperfine in a research report on Monday, August 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HYPR. Bank of New York Mellon Corp purchased a new position in Hyperfine during the second quarter worth about $419,000. Renaissance Technologies LLC boosted its stake in shares of Hyperfine by 100.2% in the first quarter. Renaissance Technologies LLC now owns 730,233 shares of the company’s stock valued at $789,000 after buying an additional 365,490 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Hyperfine by 3.4% during the 1st quarter. Walleye Capital LLC now owns 223,988 shares of the company’s stock worth $242,000 after purchasing an additional 7,330 shares in the last quarter. Finally, Catalio Capital Management LP boosted its holdings in Hyperfine by 92.8% during the fourth quarter. Catalio Capital Management LP now owns 1,320,041 shares of the company’s stock worth $1,293,000 after buying an additional 635,500 shares in the last quarter. 15.03% of the stock is currently owned by institutional investors and hedge funds.

Hyperfine Price Performance

Hyperfine stock opened at $0.93 on Wednesday. The company has a current ratio of 6.15, a quick ratio of 5.45 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $1.16. The stock has a market cap of $98.70 million, a P/E ratio of -2.45 and a beta of 1.45. Hyperfine has a 12-month low of $0.75 and a 12-month high of $2.22.

Hyperfine (NASDAQ:HYPR) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). Hyperfine had a negative return on equity of 97.88% and a negative net margin of 210.75%. The firm had revenue of $3.90 million during the quarter, compared to the consensus estimate of $4.13 million. Equities analysts expect that Hyperfine will post -0.34 EPS for the current fiscal year.

Hyperfine Company Profile

Hyperfine, Inc (NASDAQ: HYPR) is a medical technology company focused on making magnetic resonance imaging (MRI) more accessible and convenient. Its flagship product, the Swoop Portable MR Imaging System, is designed to provide brain imaging at or near the patient’s bedside rather than requiring transport to a traditional MRI suite.

The Swoop system uses a low-field magnetic resonance platform, artificial intelligence-enabled image processing and a mobile design to support neuroimaging in settings such as hospitals, intensive care units and other clinical environments.