Hyperfine (NASDAQ:HYPR) Trading Down 1.5%

Hyperfine, Inc. (NASDAQ:HYPR - Get Free Report)'s share price dropped 1.5% on Tuesday . The stock traded as low as $0.99 and last traded at $1.00. Approximately 58,292 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 104,229 shares. The stock had previously closed at $1.01.

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Hyperfine Price Performance

The firm has a market capitalization of $70.88 million, a price-to-earnings ratio of -1.67 and a beta of 0.84. The stock has a fifty day moving average of $1.07 and a two-hundred day moving average of $0.99.

Hyperfine (NASDAQ:HYPR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.14) earnings per share for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $3.63 million during the quarter, compared to analysts' expectations of $3.15 million. Hyperfine had a negative return on equity of 51.72% and a negative net margin of 347.05%. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, research analysts forecast that Hyperfine, Inc. will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hyperfine stock. Journey Strategic Wealth LLC bought a new position in shares of Hyperfine, Inc. (NASDAQ:HYPR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 74,929 shares of the company's stock, valued at approximately $84,000. Journey Strategic Wealth LLC owned about 0.10% of Hyperfine as of its most recent SEC filing. Institutional investors and hedge funds own 15.03% of the company's stock.

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Hyperfine Company Profile

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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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