Hyperfine Inc. (NASDAQ: HYPR) Bullish Outlook Still Prevails With Short Term Targets At $2.40


Hyperfine Inc. (NASDAQ:HYPR) does about 1.32M shares in volume on a normal day but saw 412785 shares change hands in Friday trading. The company now has a market cap of 93.06M USD. Its current market price is $1.35, marking an increase of 0.75% compared to the previous close of $1.34. The 52 week high reached by this stock is $4.10 whilst the lowest price level in 52 weeks is $0.68. The script in recent trading has seen the stock touch a high of $1.4099 and a low of $1.25.

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Hyperfine Inc. (HYPR) has a 20-day trading average at $1.1159 and the current price is -67.07% off the 52-week high compared with 98.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9650 and its 200-day simple moving average is $1.4166. If we look at the stock’s price movements over the week, volatility stands at 22.25%, which decreases to 20.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.37 to suggest the stock is neutral.

3 analysts observing the Hyperfine Inc. (HYPR) stock have set the 12-month price targets for the company’s shares at between $2.00 and $3.50. The consensus objective for the share price is $2.63, suggesting that the stock has a potential upside of 48.67% over the period. The median price target is 43.75% away from the current levels at $2.40.

FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2022 when Wells Fargo downgraded the stock to “Equal Weight” and issued a price target of between $8 and $2.40. Wells Fargo initiated its price target at $8.

The current price level is 23.19%, 41.63%, and -5.54% away from its SMA20, SMA50, and SMA200 respectively, with the HYPR price moving below the 50-day SMA on February 17. Hyperfine Inc. (HYPR) stock is up 10.66% over the week and 50.00% over the past month. Its price is 60.71% year-to-date and -59.82% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.19 above consensus estimates by $0.07. The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at -$0.22 and -$1.07 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $2.25 million.

Its 12-month price target is $2.40. To reach the target analysts have set, the stock logically needs to grow 48.67 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.50.

Outstanding shares total 70.51M with insiders holding 3.98% of the shares and institutional holders owning 29.99% of the company’s common stock. The company has a return on investment of -34.80% and return on equity of -54.00%. Price to book ratio is 0.71 and price to sales ratio is 16.04.

Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Extended Market Index Fu, which sold off 997.0 shares to end up with 239,875 shares worth $0.23 million.


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