Hyperfine Inc (NASDAQ:HYPR) price on current trading day, fall -6.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.85.
A look at the stock’s price movement, the close in the last trading session was $0.91, moving within a range at $0.8506 and $0.93. The beta value (5-Year monthly) was 0.939. Turning to its 52-week performance, $1.90 and $0.76 were the 52-week high and 52-week low respectively. Overall, HYPR moved -26.03% over the past month.
Hyperfine Inc’s market cap currently stands at around $66.21 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-16.
Analysts have a consensus estimate of 2.89M for the company’s revenue for the quarter, with a low and high estimate of 2.8M and 2.99M respectively. The average forecast suggests down to a -12.39% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 15.69M, representing a 21.75% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HYPR is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend HYPR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HYPR’s current price about -12.15% and -20.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.94, while 7-day volatility ratio is 10.83% and 8.85% in the 30-day chart. Further, Hyperfine Inc (HYPR) has a beta value of 0.92, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $1.6, forecast between a low of $1.6 and high of $1.6. Looking at the price targets, the low is -88.24% off current price level while to achieve the yearly target high, price needs to move -88.24%. Nonetheless, investors will most likely welcome a -88.24% jump to $1.6 which is the analysts’ median price.
If we refocus on Hyperfine Inc (NASDAQ:HYPR), historical trading data shows that trading volumes averaged 4.68 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 58.08 million shares.
The 25.67% of Hyperfine Inc’s shares are in the hands of company insiders while institutional holders own 10.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.02 million on 2025-02-28, giving us a short ratio of 3.18. The data shows that as of 2025-02-28 short interest in Hyperfine Inc (HYPR) stood at 343.0 of shares outstanding, with shares short rising to 1.34 million registered in 2025-01-31. Current price change has pushed the stock -3.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HYPR stock continues to rise going into the next quarter.
